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
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