Rockefeller Group Leases Office Space To Tokio Marine At 1221 Avenue Of The Americas
1221 Avenue of the Americas, New Yo...
Building Size
21,499 SF
Asset Type
Office
Closing
Aug 8, 2016
AI
The asset involved in this transaction is an office space located at 1221 Avenue of the Americas, New York, with a total area of 21,499 square feet. The lease was executed on August 8, 2016, and the landlord for this property is Rockefeller Group.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1221 Avenue of the Americas, New York
- Landlord: Rockefeller Group
- Tenant: Tokio Marine
- Square Feet: 21,499
- Tenant's Representatives: Michael Greenberg, Michael Berger-Colliers International, Peter Riguardi-JLL, Michael Freedberg
This transaction sees Tokio Marine as the tenant, while the representation for the tenant was provided by Michael Greenberg, Michael Berger of Colliers International, Peter Riguardi of JLL, and Michael Freedberg. Their roles were crucial in facilitating the lease agreement between Tokio Marine and Rockefeller Group.
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