Arcesium Leases Office Space At 1166 Avenue Of The Americas For $78/SF
1166 Avenue of the Americas, New Yo...
$78
$78/SF
Building Size
39,074 SF
Asset Type
Office
Closing
Nov 28, 2016
AI
The asset involved in the transaction is an office located at 1166 Avenue of the Americas in New York. The property spans 39,074 square feet and commands a rent of $78 per square foot. The lease was signed on November 28, 2016, with Arcesium as the tenant and Edward J. Minskoff Equities as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant's Rep: Roger Griswold (CBRE)
- Brokers: Timothy Dempsey (CBRE)
Roger Griswold from CBRE represented Arcesium as the tenant in this lease deal, while Timothy Dempsey, also from CBRE, was involved as a broker. Edward J. Minskoff Equities served as the landlord for the property at 1166 Avenue of the Americas, solidifying the transaction.
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
203371.79%
Cash-on-Cash
-58124.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93