Pivotal Labs Leases 43000 Square Feet At 636 Avenue Of The Americas With Tenant's Rep Jane Roundell
636 Avenue of the Americas, New Yor...
Building Size
43,000 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 636 Avenue of the Americas, New York. The space encompasses approximately 43,000 square feet. The landlord for this lease is Clarion Partners.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 636 Avenue of the Americas, New York
- Tenant: Pivotal Labs
- Tenant's Representative: Jane Roundell - Cresa
- Landlord: Clarion Partners
- Square Feet: 43,000
The deal features Jane Roundell, representing the tenant Pivotal Labs, while Clarion Partners acts as the landlord in this lease transaction. The engagement highlights the collaboration between the tenant's representative and the landlord in securing this property asset.
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