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40 E 33rd St, New York, NY,...

Morgan Stanley Leases 49000 SF To The Trade Desk At 40 E 33rd St New York
LEASEDRetail

Morgan Stanley Leases 49000 SF To The Trade Desk At 40 E 33rd St New York

40 E 33rd St, New York, NY, 10016

$64

$64/SF

Building Size

49,000 SF

Asset Type

Retail

Closing

Jul 14, 2016

AI

The property involved in this transaction is located at 40 E 33rd St, New York, NY, 10016. It is situated in the New York market and encompasses a total area of 49,000 square feet. The rent per square foot for this lease is $64.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 40 E 33rd St, New York, NY, 10016
  • Market: New York
  • Landlord: Morgan Stanley
  • Tenant: The Trade Desk
  • Landlord's Representative: Ken Meyerson (CBRE)
  • Rent/SF: $64
  • Square Feet: 49,000

The key individuals involved in this lease include Ken Meyerson of CBRE representing the landlord, Morgan Stanley, and the tenant, The Trade Desk, who has secured the property at the stated location. This transaction reflects the partnership dynamics between the landlord and tenant within the New York market context.

Players

Ken Meyerson

CBRE

Broker

7 deals

Broker
Morgan Stanley
Morgan Stanley Lender
Morgan Stanley
Morgan Stanley 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

247859.38%

Cash-on-Cash

-70838.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93