Colchestor Global Investors Leases 3148 Square Feet At 877 3rd Ave New York From Ceruzzi Holdings
877 3rd Ave, New York, NY, 10022
Building Size
3,148 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 877 3rd Ave, New York, NY, 10022, within the New York market. The total square footage of the leased space is 3,148 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Colchestor Global Investors
- Landlord: Ceruzzi Holdings
- Tenant's Representative: Carri Lyon - Cushman & Wakefield
In this lease transaction, Colchestor Global Investors secured the space from Ceruzzi Holdings, with representation provided by Carri Lyon from Cushman & Wakefield, facilitating the agreement between the tenant and landlord.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93