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111 E 58th St, New York, NY...

ZMC Advisors Leases Office Space From Jack Resnick & Sons At 111 E 58th St New York
LEASEDRetail

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

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.

Players

Daniel Turkewitz

JLL

Broker

19 deals

Broker

Jack Resnick

Sons

Landlord

12 deals

Landlord

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