Robert Hill Of Newmark Represents Tenant In Lease Deal At 1166 Avenue Of The Americas
1166 Avenue of the Americas, New Yo...
$87
$87/SF
Building Size
39,075 SF
Asset Type
Office
Closing
Dec 10, 2015
About this deal
AI
The office located at 1166 Avenue of the Americas in New York spans 39,075 square feet and was leased on December 10, 2015. The landlord for this property is Edward J. Minskoff Equities, and the tenant's representative involved in the transaction is Robert Hill from Newmark. The agreed rent for this office space is $87 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 1166 Avenue of the Americas, New York
- Landlord: Edward J. Minskoff Equities
- Tenant's Rep: Robert Hill (Newmark)
- Rent/SF: $87
- Square Feet: 39,075
The lease deal for the office at 1166 Avenue of the Americas was facilitated with Robert Hill serving as the tenant's representative from Newmark and Edward J. Minskoff Equities acting as the landlord. This transaction was finalized on December 10, 2015, with the office space spanning 39,075 square feet and commanding a rental rate of $87 per square foot.
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Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
182333.33%
Cash-on-Cash
-52111.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93