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
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