facebook

traded

+ Submit
Home

/

Deals

/

National

/

Office

/

Lease

/

1251 Avenue of the Americas...

Lowenstein Sandler Leases Office Space At 1251 Avenue Of The Americas, New York
LEASEDOffice

Lowenstein Sandler Leases Office Space At 1251 Avenue Of The Americas, New York

1251 Avenue of the Americas, New Yo...

Building Size

125,000 SF

Asset Type

Office

Closing

Sep 27, 2021

AI

The property at 1251 Avenue of the Americas in New York is an office building spanning 125,000 square feet. The lease for this property was finalized on September 27, 2021. The tenant, Lowenstein Sandler, secured this space with the assistance of their representative, Michael Goldman from MGA. The landlord for this office building is Mitsui Fudosan America.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Lowenstein Sandler
  • Tenant's Rep: Michael Goldman(MGA)
  • Landlord: Mitsui Fudosan America
  • Square Feet: 125,000

The involvement of Michael Goldman from MGA as the tenant's representative highlights the personalized approach taken by Lowenstein Sandler in securing the lease for the office space. Mitsui Fudosan America, as the landlord, facilitated the transaction, ensuring a smooth agreement for the 125,000 square feet of office space in the heart of New York.

Players

Michael Goldman

MGA

Broker

4 deals

Broker
Mitsui Fudosan America
Mitsui Fudosan AmericaLandlord

Market Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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