Bloomberg LP Leases 191000 Square Feet At 919 3rd Ave From SL Green Realty Corp
919 3rd Ave, New York, NY, 10022
Building Size
191,000 SF
Asset Type
Office
Closing
Dec 6, 2021
AI
The property involved in this lease transaction is located at 919 3rd Ave, New York, NY, 10022. It has a total square footage of 191,000. The market for this property is New York, and it is being occupied by Bloomberg LP, while SL Green Realty Corp. serves as the landlord.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 919 3rd Ave, New York, NY, 10022
- Market: New York
- Square Feet: 191,000
- Tenant: Bloomberg LP
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Craig Reicher (CBRE), Howard Fiddle (CBRE)
- Landlord's Representative: Alexander (Alex) D’Amario (CBRE), Emily Chabrier (CBRE)
The representatives for the tenant, Craig Reicher and Howard Fiddle, are both affiliated with CBRE. The landlord's representatives, Alexander (Alex) D’Amario and Emily Chabrier, also represent SL Green Realty Corp. in this transaction.
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