Simmons Research Leases 5314 Square Feet At 1001 6th Ave New York Through Tenant's Rep MHP Real Estate Services
1001 6th Ave, New York, NY, 10018
Building Size
5,314 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property located at 1001 6th Ave, New York, NY, 10018 is a leased asset in the New York market, encompassing a total area of 5,314 square feet. The transaction involved the tenant, Simmons Research, and the landlord, 1001 Sixth Associates.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1001 6th Ave, New York, NY, 10018
- Market: New York
- Square Feet: 5,314
- Tenant: Simmons Research
- Landlord: 1001 Sixth Associates
- Tenant's Representative: Jesse Rubens, Jessica Trizano - MHP Real Estate Services
- Landlord's Representative: Earle Altman, Gregg Schenker - ABS Partners Real Estate
This transaction involved key representatives from MHP Real Estate Services and ABS Partners Real Estate. Jesse Rubens and Jessica Trizano represented the tenant, Simmons Research, while Earle Altman and Gregg Schenker acted on behalf of the landlord, 1001 Sixth Associates.
On the Map
Office
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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