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1301 Avenue of the Americas...

Paramount Group Leases 67688 SF To Swiss Re At 1301 Avenue Of The Americas
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

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

Frank Doyle

JLL

Broker

$538.2M

vol

26 deals

Broker
Paramount Group
Paramount GroupLender
Paramount Group
Paramount GroupLandlord

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