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1001 6th Ave, New York, NY,...

Simmons Research Leases 5314 Square Feet At 1001 6th Ave New York Through Tenant's Rep MHP Real Estate Services
LEASEDOffice

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

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:

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.

Players

Jesse Rubens

Broker

4 deals

Broker
1A
1001 Sixth AssociatesLandlord

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