LEASEDOffice
Marc Holliday Of SL Green Signs 10-Year Lease With Fidelity National Title Insurance In Midtown East
711 3rd Avenue
$19,966
Building Size
—
Asset Type
Office
Closing
Jul 22, 2026
AI
The property asset involved in this transaction is an office space located at 711 3rd Avenue in Midtown East, Manhattan. The lease covers an area of 19,966 square feet, with a rent amounting to $19,966 per square foot. The duration of the lease is set for a term of 10 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $19,966/ft.
- Address: 711 3rd Avenue
- Market: Midtown East, Manhattan
- Landlord: Marc Holliday - SL Green
- Tenant: Fidelity National Title Insurance
- Brokers: Joseph Fabrizi & Arkady Smolyansky - CBRE
- Lease Terms: 10-year lease
SL Green Realty has entered into a lease agreement with Fidelity National Title Insurance, whereby the latter will occupy part of the building’s seventh floor. The transaction included representation by brokers Joseph Fabrizi and Arkady Smolyansky from CBRE, focusing on securing the lease for the tenant.
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
794.50%
Cash-on-Cash
-227.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93