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1221 Avenue of the Americas...

Endurance Specialty Holdings Signs Lease With The Rockefeller Group For 143000 Square Feet At 1221 Avenue Of The Americas
LEASEDOffice

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

Dana Pike

George Comfort & Sons

Broker

4 deals

Broker
Rockefeller Group
Rockefeller GroupBrokerage
Rockefeller Group
Rockefeller GroupLandlord

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