Adams & Co. Leases 8832 SF At 1071 6th Ave To Unzipped Apparel Sales
1071 6th Ave, New York, NY, 10018
$66
$66/SF
Building Size
8,832 SF
Asset Type
Office
Closing
Nov 21, 2016
AI
The transaction involves a lease located at 1071 6th Ave, New York, NY, 10018, within the New York market. The space encompasses a total area of 8,832 square feet, with a rental rate of $66 per square foot. The landlord in this deal is Adams & Co., and the tenant securing the lease is Unzipped Apparel Sales.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1071 6th Ave, New York, NY, 10018
- Market: New York
- Landlord: Adams & Co.
- Tenant: Unzipped Apparel Sales
- Rent/SF: $66
- Square Feet: 8,832
- Landlord's Representative: David Carrion-Levy - Compass
In this transaction, David Carrion-Levy from Compass represents the landlord, Adams & Co., facilitating the leasing process to Unzipped Apparel Sales. This engagement highlights the strategic collaboration between the parties involved in successfully closing the lease agreement.
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
240348.48%
Cash-on-Cash
-68692.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93