Levy Konigsberg Leases 20000 Square Feet At 605 3rd Ave From Univision
605 3rd Ave, New York, NY, 10158
Building Size
20,000 SF
Asset Type
Retail
Closing
Mar 3, 2020
About this deal
AI
The property involved in this lease transaction is located at 605 3rd Ave, New York, NY, 10158. The space encompasses a total of 20,000 square feet and is situated within the New York market. The landlord in this transaction is Univision.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 605 3rd Ave, New York, NY, 10158
- Square Feet: 20,000
- Tenant: Levy Konigsberg
- Landlord: Univision
- Tenant's Representative: Jessica Verdi & John Pavone - Colliers International
The deal involves Levy Konigsberg as the tenant, represented by Jessica Verdi and John Pavone from Colliers International. Univision stands as the landlord for this lease agreement, which marks a significant commitment of space in the New York market.
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Retail
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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