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
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