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
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