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1185 Avenue of the Americas...

King & Spalding Leases 44869 Square Feet From SL Green Realty Corp At 1185 Avenue Of The Americas
LEASEDOffice

King & Spalding Leases 44869 Square Feet From SL Green Realty Corp At 1185 Avenue Of The Americas

1185 Avenue of the Americas, New Yo...

Building Size

44,869 SF

Asset Type

Office

Closing

Jun 22, 2016

AI

The property asset involved in the lease transaction is located at 1185 Avenue of the Americas, New York, with a total square footage of 44,869. The landlord involved in this transaction is SL Green Realty Corp.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1185 Avenue of the Americas, New York
  • Square Feet: 44,869
  • Tenant: King & Spalding
  • Landlord: SL Green Realty Corp.
  • Tenant's Rep: Daniel Horowitz-Savills, Gary Kerper-Savills Studley

Key individuals involved in this transaction include the tenant, King & Spalding, represented by Daniel Horowitz and Gary Kerper from Savills Studley, while the landlord is SL Green Realty Corp., a prominent real estate investment and management firm.

Players

Daniel Horowitz

Savills

Broker

18 deals

Broker
Durst Organization
Durst OrganizationBrokerage
SL Green
SL GreenLandlord
King & Spalding
King & SpaldingTenant

Market Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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