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1155 6th Ave, New York, NY,...

Perkins Coie Expands To 1155 Sixth Ave, New York With 15-Year Lease
LEASEDCommercial

Perkins Coie Expands To 1155 Sixth Ave, New York With 15-Year Lease

1155 6th Ave, New York, NY, 10036

Building Size

12,000 SF

Asset Type

Commercial

Closing

Jun 28, 2018

AI

The property involved in the lease transaction is located at 1155 6th Ave, New York, NY, 10036. The asset is a commercial space comprising 12,000 square feet in the New York market.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not Applicable
  • Tenant: Deutsche Börse
  • Landlord: Durst Organization
  • Tenant's Rep: Simon Landmann (JLL)

Perkins Coie, an international law firm, is expanding and relocating to 1155 Sixth Avenue from its current location at 30 Rockefeller Plaza. The lease agreement is for shy of 60,000 square feet with a term of 15 years. The company has been growing steadily in New York City since 2011.

Players

Simon Landmann

JLL

Broker

11 deals

Broker
Durst Organization
Durst OrganizationBrokerage
Durst Organization
Durst OrganizationLandlord

New York Commercial Market Snapshot

Boundary boundary · Commercial · 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