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1221 6th Ave, New York, NY,...

Endurance Specialty Holdings Leases 143000 Square Feet From Rockefeller Group At 1221 6th Ave
LEASED

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

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.

Players

Dana Pike

George Comfort & Sons

Broker

4 deals

Broker
Rockefeller Group
Rockefeller GroupBrokerage
Rockefeller Group
Rockefeller GroupLandlord

New York CRE Market Snapshot

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