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
About this deal
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