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900 3rd Ave, New York, NY, ...

Shiseido Comestics Leases 70000 Square Feet At 900 3rd Ave New York From Paramount Group
LEASEDOffice

Shiseido Comestics Leases 70000 Square Feet At 900 3rd Ave New York From Paramount Group

900 3rd Ave, New York, NY, 10022

Building Size

70,000 SF

Asset Type

Office

Closing

Oct 13, 2015

AI

900 3rd Ave, located in New York, NY, is the site of a significant lease transaction. The property spans 70,000 square feet and is situated in a prominent market area. This transaction involved Shiseido Comestics as the tenant, while Paramount Group served as the landlord.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 900 3rd Ave, New York, NY, 10022
  • Market: New York
  • Square Feet: 70,000
  • Tenant: Shiseido Comestics
  • Landlord: Paramount Group
  • Tenant's Representative: John Mambrino - Savills
  • Landlord's Representative: Clark Finney - JLL

Representatives in this transaction included John Mambrino from Savills, who represented Shiseido Comestics, and Clark Finney from JLL, who represented the landlord, Paramount Group. This collaboration facilitated the successful leasing of the property.

Players

John Mambrino

Savills

Broker

7 deals

Broker
Paramount Group
Paramount GroupLender
Paramount Group
Paramount GroupLandlord

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