ASB Real Estate Investments Leases 3707 SF At 875 Washington St, New York To Breather
875 Washington St, New York, NY, 100...
$90
$90/SF
Building Size
3,707 SF
Asset Type
Office
Closing
May 3, 2017
AI
The property asset involved in this transaction is located at 875 Washington St, New York, NY, covering a total area of 3,707 square feet. The market value is situated in New York with a rent price per square foot set at $90.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 875 Washington St, New York, NY, 100...
- Landlord: ASB Real Estate Investments
- Tenant: Breather
- Landlord's Representative: Adam Rappaport (Jack Resnick & Sons)
The deal involves Breather as the tenant negotiating with ASB Real Estate Investments as the landlord. Adam Rappaport representing the landlord facilitated the transaction through Jack Resnick & Sons.
Players
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93