Allen & Overy Signs Office Lease At 1101 New York Avenue NW In Washington, D.C
1101 New York Avenue Northwest, Washington, District Of Columbia 20001, United States
Building Size
10,114 SF
Asset Type
Office
Closing
Nov 18, 2022
AI
The office property located at 1101 New York Avenue NW in Washington, D.C. has been leased. The landlord of the property is Oxford Properties and Norges Bank Investment Management. The tenant who has secured the lease is Allen & Overy. The leasing transaction was facilitated by Matt Pacinelli, Kyle Luby, and John Klinke from Stream Realty, representing the landlord, and Tom Fulcher, Julie Rayfield, and Adam Brecher, representing the tenant. The total square footage of the leased space is 10,114 square feet. The asking rent for the lease is $60 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not available
- Market: Washington, D.C.
- Landlord: Oxford Properties and Norges Bank Investment Management
- Tenant: Allen & Overy
- Landlord's Representative: Matt Pacinelli, Kyle Luby, and John Klinke - Stream Realty
- Tenant's Representative: Tom Fulcher, Julie Rayfield, and Adam Brecher
- Asking Rent: $60 per square foot
- Square Footage: 10,114
Players
Washington Office Market Snapshot
Boundary boundary · Office · 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