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460 8th Ave, New York, NY, ...

Poly Leases 9306 Square Feet At 460 8th Ave New York Represented By Cale Miller And Avison Young
LEASEDCommercial

Poly Leases 9306 Square Feet At 460 8th Ave New York Represented By Cale Miller And Avison Young

460 8th Ave, New York, NY, 10001

Building Size

9,306 SF

Asset Type

Commercial

Closing

Nov 12, 2021

AI

The property involved in this lease transaction is located at 460 8th Ave, New York, NY, 10001. The total square footage of the space is 9,306 square feet, situated in the New York market.

Summary of transation details:

The deal involves representatives from both sides, with Cale Miller representing the tenant, Poly, and Leah Zafra alongside Brooks Hauf representing the landlord, Churchill Real Estate Holdings. This collaborative effort between the representatives facilitated the lease transaction, highlighting their roles in supporting their respective clients throughout the process.

Players

Brooks Hauf

Avison Young

Broker

2 deals

Broker
Churchill Real Estate
Churchill Real EstateLandlord

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