Endurance Specialty Holdings Leases 143000 Square Feet From Rockefeller Group At 1221 6th Ave
1221 6th Ave, New York, NY, 10020
Building Size
143,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The lease involved a property located at 1221 6th Ave, New York, NY, within the New York market. The space encompasses 143,000 square feet, serving as a commercial property for the tenant. The landlord for this transaction is Rockefeller Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1221 6th Ave, New York, NY, 10020
- Tenant: Endurance Specialty Holdings
- Landlord: Rockefeller Group
- Tenant's Representative: Dana Pike - George Comfort & Sons
- Square Feet: 143,000
The transaction highlights the role of Dana Pike, representing Endurance Specialty Holdings through the agency George Comfort & Sons. The landlord, Rockefeller Group, is responsible for the property ownership in this lease agreement.
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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