ICapital Network Leases 35186 Square Feet At 60 E 42nd St New York From Empire State Realty Trust
60 E 42nd St, New York, NY, 10165
Building Size
35,186 SF
Asset Type
Retail
Closing
Oct 13, 2021
AI
The property involved in this transaction is located at 60 E 42nd St, New York, NY, 10165. This leased space covers a total area of 35,186 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: iCapital Network
- Landlord: Empire State Realty Trust
- Tenant's Representative: Christopher Hogan-CBRE
This lease arrangement showcases the engagement between iCapital Network and Empire State Realty Trust, with representation provided by Christopher Hogan from CBRE, ensuring both parties were effectively supported throughout the transaction process.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93