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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 460 8th Ave, New York, NY, 10001
- Market: New York
- Tenant: Poly
- Landlord: Churchill Real Estate Holdings
- Tenant's Representative: Cale Miller - Hughes Marino
- Landlord's Representatives: Leah Zafra, Brooks Hauf - Avison Young
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
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