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
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