Jack Resnick & Sons Leases 12081 SF Office Space At 880 3rd Ave New York For $60/SF
880 3rd Ave, New York, NY, 10022
$60
$60/SF
Building Size
12,081 SF
Asset Type
Office
Closing
Aug 9, 2016
AI
The property involved in this transaction is located at 880 3rd Ave, New York, NY, 10022. It has a total square footage of 12,081, with a rent rate of $60 per square foot. The market for this property is New York, and the landlord associated with this lease is Jack Resnick & Sons.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 880 3rd Ave, New York, NY, 10022
- Market: New York
- Landlord: Jack Resnick & Sons
- Landlord's Representative: Dennis Brady - Jack Resnick & Sons
- Rent/SF: $60
- Square Feet: 12,081
The transaction involves Dennis Brady representing Jack Resnick & Sons as the landlord's representative. This detail highlights the alignment of the representation within the leasing process and the involvement of the landlord's team in facilitating the deal.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93