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

LEASEDOffice

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

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.

Players

Douglas Dolgoff

Franklin Street

Broker

2 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