Updated Oct 29, 2024
Itochu Leases 46000 Square Feet From Mitsui Fudosan At 2151 6th Ave New York
2151 6th Ave, New York, NY, 10019
Building Size
46,000 SF
Asset Type
Industrial
Closing
Jul 21, 2015
About this deal
AI
The property located at 2151 6th Ave, New York, NY, 10019, offered a total space of 46,000 square feet. The lease was signed at an asking rent of $105 per square foot. The transaction occurred in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: $105/SF
- Tenant: Itochu
- Landlord: Mitsui Fudosan
- Tenant's Representative: Brian Waterman - Newmark
- Landlord's Representative: David Falk - Newmark
- Lease Duration: 20 years
The tenant, Itochu, was represented in the transaction by Newmark Grubb Knight Frank’s Brian Waterman, while Mitsui Fudosan, the landlord, had representation from David Falk and Peter Shimkin, also of Newmark. This collaboration highlights the involvement of key representatives in securing the lease agreement.
On the Map
Industrial
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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