ZMC Advisors Leases Office Space From Jack Resnick & Sons At 111 E 58th St New York
111 E 58th St, New York, NY, 10022
$85
$85/SF
Building Size
13,284 SF
Asset Type
Retail
Closing
Nov 18, 2016
About this deal
AI
The property asset involved in this transaction is a lease located at 111 E 58th St, New York, NY, 10022. The market for this asset is New York, and it encompasses 13,284 square feet. The rent per square foot for this lease is $85.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 111 E 58th St, New York, NY, 10022
- Market: New York
- Tenant: ZMC Advisors
- Landlord: Jack Resnick & Sons
- Tenant's Representative: Dan Turkewitz-JLL
- Landlord's Representative: Dennis Brady-Jack Resnick & Sons
This transaction involves key individuals and companies, with ZMC Advisors as the tenant and Jack Resnick & Sons as the landlord. Representatives for the tenant and landlord include Dan Turkewitz from JLL and Dennis Brady from Jack Resnick & Sons, respectively, who facilitated the negotiation process for this lease agreement.
On the Map
$85
$85/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93