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1 Vanderbilt Ave, New York,...

Kyndryl Leases 22531 Square Feet At 1 Vanderbilt Ave From SL Green Realty Corp
LEASEDOffice

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

Emily Jones Chabrier

CBRE

Broker

15 deals

Broker
Coldwell Banker
Coldwell BankerBrokerage
SL Green
SL GreenLandlord

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