Activate Leases 12083 Square Feet At 11 E 26th St New York From 11 Madison Square North Associates
11 E 26th St, New York, NY, 10010
Building Size
12,083 SF
Asset Type
Office
Closing
Apr 23, 2019
About this deal
AI
The property involved in this lease transaction is located at 11 E 26th St, New York, NY, 10010. The total square footage of the leased space is 12,083 square feet within the competitive New York market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 11 E 26th St, New York, NY, 10010
- Square Feet: 12,083
- Landlord: 11 Madison Square North Associates
- Tenant: Activate
- Landlord's Representative: James Buslik - Adams & Company
The transaction highlights the landlord, 11 Madison Square North Associates, leasing the property to Activate. The representation of the landlord in this deal was managed by James Buslik from Adams & Company, ensuring a professional handling of the negotiations.
On the Map
Office
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93