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875 3rd Ave, New York, NY, ...

DWS Group Leases 82000 Square Feet At 875 3rd Ave New York With Kenneth Siegel Of JLL
LEASEDOffice

DWS Group Leases 82000 Square Feet At 875 3rd Ave New York With Kenneth Siegel Of JLL

875 3rd Ave, New York, NY, 10022

$82

$82/SF

Building Size

82,000 SF

Asset Type

Office

Closing

Apr 27, 2018

AI

The property involved in this transaction is located at 875 3rd Ave, New York, NY, 10022. The lease agreement pertains to a space of 82,000 square feet with a rent price set at $82 per square foot. The market for this transaction is New York.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: $6,704,000
  • Address: 875 3rd Ave, New York, NY, 10022
  • Market: New York
  • Tenant: DWS Group
  • Landlord: Global Holdings Management Group
  • Tenant's Representative: Kenneth Siegel (JLL)

Key individuals in this transaction include Kenneth Siegel from JLL, representing the tenant DWS Group, while Global Holdings Management Group serves as the landlord for the leased property.

Players

Peter Riguardi

JLL

Broker

$38.2M

vol

16 deals

Broker
Global Holdings Management Group
Global Holdings Management GroupBrokerage

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

193451.22%

Cash-on-Cash

-55288.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93