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877 3rd Ave, New York, NY, ...

Fox Horan & Camerini Leases 19270 Square Feet At 877 3rd Ave New York From StepStone Group
LEASEDOffice

Fox Horan & Camerini Leases 19270 Square Feet At 877 3rd Ave New York From StepStone Group

877 3rd Ave, New York, NY, 10022

Building Size

19,270 SF

Asset Type

Office

Closing

Mar 8, 2018

AI

The property involved in this transaction is located at 877 3rd Ave, New York, NY, 10022. It is situated in the New York market and consists of a total square footage of 19,270. The landlord of the property is the StepStone Group, while the tenant is Fox Horan & Camerini.

Summary of transaction details:

The deal includes broker representation from Chris Mongeluzo and Corey Borg of Newmark Knight Frank, representing the tenant, and Kurt Handschumacher of Savills Studley, representing the landlord. Their roles were essential in facilitating the transaction between Fox Horan & Camerini and StepStone Group.

Players

Moshe Sukenik

Newmark

Broker

10 deals

Broker
SG
StepStone GroupLandlord

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