McGuireWoods Leases 42500 Square Feet At 1251 Avenue Of The Americas From Mitsui Fudosan America
1251 Avenue of the Americas, New Yo...
Building Size
42,500 SF
Asset Type
Office
Closing
Mar 24, 2017
AI
The property asset involved in the transaction is located at 1251 Avenue of the Americas, New York. It encompasses a total area of 42,500 square feet. The transaction is between McGuireWoods as the tenant and Mitsui Fudosan America as the landlord.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 1251 Avenue of the Americas, New York
- Square Feet: 42,500
- Tenant: McGuireWoods
- Landlord: Mitsui Fudosan America
- Brokers: Chris Mongeluzo - Newmark Knight Frank
The transaction involved significant representation, with Chris Mongeluzo from Newmark Knight Frank representing the landlord, Mitsui Fudosan America, in this lease agreement. The details underline the collaboration between broker and landlord in securing this lease for the tenant.
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