Waterfall Asset Management Leases 44100 Square Feet From Mitsui Fudosan America At 1251 Avenue Of The Americas
1251 Avenue of the Americas, New Yo...
Building Size
44,100 SF
Asset Type
Office
Closing
Nov 29, 2018
AI
The property involved in this lease transaction is located at 1251 Avenue of the Americas, New York, and encompasses a total area of 44,100 square feet. The transaction is between Waterfall Asset Management, the tenant, and Mitsui Fudosan America, the landlord.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 1251 Avenue of the Americas, New York
- Tenant: Waterfall Asset Management
- Landlord: Mitsui Fudosan America
- Square Feet: 44,100
In this transaction, the representatives for the tenant include Keith Caggiano from Avison Young, Christopher Kraus from JLL, and James Travers from Cresa Los Angeles. The landlord is represented by Eric Cagner from Newmark, while David Falk from Newmark is also noted as a broker involved in the deal.
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