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

Cohen Clair Lans Greifer Thorpe & Rottenstreich Leases 13500 Sq Ft At 877 3rd Ave New York
LEASEDOffice

Cohen Clair Lans Greifer Thorpe & Rottenstreich Leases 13500 Sq Ft At 877 3rd Ave New York

877 3rd Ave, New York, NY, 10022

Building Size

13,500 SF

Asset Type

Office

Closing

Jun 19, 2017

AI

The property involved in this lease transaction is located at 877 3rd Ave, New York, NY, 10022. The total square footage of the property is 13,500 square feet, situated within the New York market.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: Cohen Clair Lans Greifer Thorpe & Rottenstreich
  • Landlord: Ceruzzi Holdings
  • Tenant's Representatives: Mary Ann Tighe - CBRE, Craig Reicher - CBRE

This lease was facilitated by the representation of Mary Ann Tighe and Craig Reicher from CBRE, who represented the tenant in the transaction with Ceruzzi Holdings as the landlord.

Players

Mary Ann Tighe

CBRE

Broker

$1.1B

vol

32 deals

Broker
CH
Ceruzzi HoldingsLandlord

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