Kramer Levin Naftalis & Frankel Leases 265348 Square Feet From Silverstein Properties At 1177 6th Ave
1177 6th Ave, New York, NY, 10036
Building Size
265,348 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 1177 6th Ave, New York, NY, 10036. It encompasses a total of 265,348 square feet. The market for this lease is New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1177 6th Ave, New York, NY, 10036
- Market: New York
- Tenant: Kramer Levin Naftalis & Frankel
- Landlord: Silverstein Properties
- Tenant's Representative: Chris Mongeluzo-Newmark Knight Frank
The deal features Kramer Levin Naftalis & Frankel as the tenant, with Chris Mongeluzo from Newmark Knight Frank representing them. The landlord in this transaction is Silverstein Properties.
On the Map
Players
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Boundary boundary · CRE · 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