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1251 Avenue of the Americas...

McGuireWoods Leases 42500 Square Feet At 1251 Avenue Of The Americas From Mitsui Fudosan America
LEASEDOffice

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

Chris Mongeluzo

Newmark

Broker

16 deals

Broker
Mitsui Fudosan America
Mitsui Fudosan AmericaLandlord

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