Accutime Watch Corporation Leases 12107 Square Feet At 1001 Avenue Of The Americas
1001 Avenue of the Americas, New Yo...
Building Size
12,107 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 1001 Avenue of the Americas, New York. The leased space encompasses 12,107 square feet and is held under the ownership of 1001 Sixth Associates.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1001 Avenue of the Americas, New York
- Square Feet: 12,107
- Landlord: 1001 Sixth Associates
- Tenant: Accutime Watch Corporation
- Landlord's Representatives: Alison Miller (ABS Partners Real Estate), Earle Altman (ABS Partners Real Estate)
- Brokers: Gregg Schenker (ABS Partners Real Estate), James Caseley (ABS Partners Real Estate)
This lease transaction involves key representatives from ABS Partners Real Estate, with Alison Miller and Earle Altman serving as the landlord's representatives. The brokerage team for this transaction includes Gregg Schenker and James Caseley, both affiliated with ABS Partners Real Estate, indicating a cohesive representation in the deal's negotiation process.
Players
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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