LEASEDOffice
Paramount Group Leases 67688 SF To Swiss Re At 1301 Avenue Of The Americas
1301 Avenue of the Americas, New Yo...
$100
$100/SF
Building Size
67,688 SF
Asset Type
Office
Closing
Jan 6, 2017
About this deal
AI
The property involved in this lease transaction is located at 1301 Avenue of the Americas, New York. The space encompasses 67,688 square feet, with a rental rate of $100 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: 6,768,800
- Address: 1301 Avenue of the Americas, New York
- Landlord: Paramount Group
- Tenant: Swiss Re
- Landlord's Representatives: Clark Finney (JLL), Frank Doyle (JLL)
This lease transaction involves Swiss Re as the tenant securing the premises. Paramount Group serves as the landlord, while JLL representatives Clark Finney and Frank Doyle facilitated the deal on behalf of the landlord.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93