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1120 Avenue of the Americas...

Quantcast Leases 23000 Square Feet At 1120 Avenue Of The Americas From Gottesman Real Estate Partners
LEASEDOffice

Quantcast Leases 23000 Square Feet At 1120 Avenue Of The Americas From Gottesman Real Estate Partners

1120 Avenue of the Americas, New Yo...

Building Size

23,000 SF

Asset Type

Office

Closing

Oct 21, 2020

AI

The property involved in this transaction is a lease located at 1120 Avenue of the Americas, New York. The leased space encompasses a total of 23,000 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not Disclosed
  • Landlord: Gottesman Real Estate Partners
  • Tenant: Quantcast
  • Landlord's Representatives: Michael Burgio, Daniel (Dan) Organ, John Cefaly (all from Cushman & Wakefield)

This deal was facilitated by the landlord's representatives, who played a crucial role in the negotiations and closing of the lease agreement, ensuring that both parties reached a satisfactory conclusion to their respective needs and requirements.

Players

Robert Lowe

Cushman & Wakefield

Broker

22 deals

Broker

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