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1285 Avenue of the Americas...

CBRE Represents In 900,000 SF Office Lease Deal At 1285 Avenue Of The Americas
LEASEDOffice

CBRE Represents In 900,000 SF Office Lease Deal At 1285 Avenue Of The Americas

1285 Avenue of the Americas, New Yo...

Building Size

900,000 SF

Asset Type

Office

Closing

May 20, 2016

AI

The property at 1285 Avenue of the Americas, New York, involving an office asset with a total of 900,000 square feet was leased on 05/20/2016. The landlord, RXR Realty, facilitated the transaction. Robert (Bob) Alexander from CBRE acted as both the tenant's representative and broker in this deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 1285 Avenue of the Americas, New York
  • Tenant's Rep: Robert (Bob) Alexander(CBRE)
  • Brokers: Robert (Bob) Alexander(CBRE)
  • Landlord: RXR Realty
  • Square Feet: 900,000

The leasing of the office space at 1285 Avenue of the Americas, New York, brought together key individuals and companies in the real estate industry. Notably, Robert (Bob) Alexander from CBRE played a dual role as the tenant's representative and broker, demonstrating expertise and efficiency in facilitating the lease transaction.

Players

Robert Alexander

CBRE

Broker

12 deals

Broker
RXR Realty
RXR RealtyLandlord

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