Cambridge Insurance Advisors Leases Office Space At 875 Avenue Of The Americas
875 Avenue of the Americas, New Yor...
Building Size
3,809 SF
Asset Type
Office
Closing
Jul 2, 2019
About this deal
AI
The property at 875 Avenue of the Americas, New York, involving an office asset with a total square footage of 3809, was leased on 07/02/2019. The landlord, Lee & Associates NYC, represented by Michael Kaufman from Sotheby's International Realty, finalized the deal with the tenant, Cambridge Insurance Advisors.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 875 Avenue of the Americas, New York
- Landlord's Representative: Michael Kaufman (Sotheby's International Realty)
- Tenant: Cambridge Insurance Advisors
- Landlord: Lee & Associates NYC
- Square Feet: 3809
The involvement of Michael Kaufman from Sotheby's International Realty as the Landlord's Representative was crucial in facilitating the lease between Lee & Associates NYC and the tenant, Cambridge Insurance Advisors, for the office space located at 875 Avenue of the Americas, New York.
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