Kyndryl Leases 22531 Square Feet At 1 Vanderbilt Ave From SL Green Realty Corp
1 Vanderbilt Ave, New York, NY, 10017
Building Size
22,531 SF
Asset Type
Office
Closing
May 13, 2021
AI
The property asset involved in the transaction is located at 1 Vanderbilt Ave, New York, NY, 10017. This asset encompasses a total area of 22,531 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1 Vanderbilt Ave, New York, NY, 10017
- Square Feet: 22,531
- Landlord: SL Green Realty Corp.
- Tenant: Kyndryl
- Landlord's Representative: Emily Jones - CBRE
Key individuals involved in this transaction include Emily Jones, representing SL Green Realty Corp. through CBRE, and Kyndryl as the tenant. Their involvement reflects the collaborative effort towards securing the lease for the specified property asset.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93