Tenor Capital Management Leases 8686 SF Space At 810 6th Ave, New York
810 6th Ave, New York, NY, 10001
Building Size
8,686 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The property located at 810 6th Ave, New York, NY, 10001, boasts 8,686 square feet in the bustling market of New York. This prime asset plays host to the lease transaction between Tenor Capital Management and the landlord SL Green Realty.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Tenant: Tenor Capital Management
- Tenant's Rep: William (Bill) Iacovelli(CBRE)
- Landlord: SL Green Realty
- Square Feet: 8,686
The deal's key individuals include William (Bill) Iacovelli from CBRE, representing the tenant, Tenor Capital Management, in securing the lease agreement with SL Green Realty. This collaboration marks a significant transaction in the vibrant real estate market of New York.
Players
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