Newmark's Noel Flagg Represents Tenant In SL Green Office Lease NYC
1 Vanderbilt Ave, New York, NY, 10017
Building Size
15,860 SF
Asset Type
Office
Closing
Jan 26, 2018
About this deal
AI
The property located at 1 Vanderbilt Ave, New York, NY, 10017, is an office asset comprising 15,860 square feet. The landlord, SL Green, closed a lease transaction on 01/26/2018 with Noel Flagg from Newmark representing the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant's Rep: Noel Flagg (Newmark)
- Landlord: SL Green
- Square Feet: 15,860
The lease deal at 1 Vanderbilt Ave in New York involved Noel Flagg from Newmark as the tenant's representative, facilitating the agreement with the landlord, SL Green. The transaction was for an office space, marking a significant real estate milestone in the New York market.
Players
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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