GWFF Leases 4359 Square Feet At 877 3rd Ave New York From Ceruzzi Holdings
877 3rd Ave, New York, NY, 10022
Building Size
4,359 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The transaction involves a lease for a property located at 877 3rd Ave, New York, NY, 10022. The leased space encompasses 4,359 square feet, situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: GWFF
- Landlord: Ceruzzi Holdings
- Tenant's Representative: Douglas Dolgoff - Cushman & Wakefield
The deal highlights the involvement of Douglas Dolgoff, representing the tenant GWFF, in negotiating the lease with Ceruzzi Holdings as the landlord. This transaction signifies the collaboration between established entities in the New York property market.
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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