Endurance Specialty Holdings Signs Lease With The Rockefeller Group For 143000 Square Feet At 1221 Avenue Of The Americas
1221 Avenue of the Americas, New Yo...
Building Size
143,000 SF
Asset Type
Office
Closing
Jan 19, 2017
AI
The lease transaction involves a property located at 1221 Avenue of the Americas, New York. The space leased spans 143,000 square feet, accommodating the tenant Endurance Specialty Holdings. The landlord associated with this transaction is The Rockefeller Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1221 Avenue of the Americas, New York
- Square Feet: 143,000
- Tenant: Endurance Specialty Holdings
- Landlord: The Rockefeller Group
- Tenant's Representative: Dana Pike (George Comfort & Sons)
This transaction sees Dana Pike from George Comfort & Sons representing the tenant, Endurance Specialty Holdings, in the leasing process. The deal highlights the engagement of The Rockefeller Group as the landlord, facilitating the terms of the lease for the described property.
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