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
About this deal
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.
On the Map
$66
$66/SF
Office
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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