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1166 Avenue of the Americas...

Arcesium Leases Office Space At 1166 Avenue Of The Americas For $78/SF
LEASEDOffice

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:

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

Roger Griswold

CBRE

Broker

2 deals

Broker
E
EquitiesLandlord

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