Ulysses Management Leases Office Space From Blythe Kinsler And Samuel Brodsky At 1 Rockefeller Plaza
1 Rockefeller Plaza
$88
$88/SF
Building Size
12,586 SF
Asset Type
Office
Closing
Sep 5, 2024
AI
The asset involved in this transaction is an office space located at 1 Rockefeller Plaza in Manhattan. The space covers an area of 12,586 square feet and is leased at an asking rent of $88 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $88/ft
- Square Footage: 12,586
- Address: 1 Rockefeller Plaza
- Market: Manhattan
- Landlord: Blythe Kinsler & Samuel Brodsky - Tishman Speyer
- Tenant: Ulysses Management
- Broker: Larry Zuckerman - Avison Young
Ulysses Management is relocating within 1 Rockefeller Plaza, having downsized from a previous space of 19,000 square feet to their new lease of 12,586 square feet.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
180261.36%
Cash-on-Cash
-51519.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93