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1001 Avenue of the Americas...

Accutime Watch Corporation Leases 12107 Square Feet At 1001 Avenue Of The Americas
LEASEDOffice

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:

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

James Caseley

ABS Partners Real Estate

Broker

7 deals

Broker
1A
1001 Sixth AssociatesLandlord

Market 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