Indeed Leases 12493 Square Feet At 1120 6th Ave From Edison Properties With Brokers From CBRE And Cushman & Wakefield
1120 6th Ave, New York, NY, 10036
Building Size
12,493 SF
Asset Type
Office
Closing
Jan 31, 2019
About this deal
AI
The property involved in this transaction is located at 1120 6th Ave, New York, NY, 10036. This asset is situated in the New York market and encompasses a total of 12,493 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1120 6th Ave, New York, NY, 10036
- Market: New York
- Tenant: Indeed
- Landlord: Edison Properties
- Tenant's Representative: Christopher W. Mansfield (CBRE), John Nugent (JLL)
- Landlord's Representative: Daniel (Dan) Organ (Cushman & Wakefield)
- Brokers: Jeffrey Fischer (CBRE), Michael Burgio (Cushman & Wakefield), Jeff Fischer (CBRE)
- Square Feet: 12,493
A note regarding representation indicates that Jeff Fischer, Christopher Mansfield, John G. Nugent, and others represented Indeed, Inc. in the sublease expansion deal. The owner, Edison Properties, was represented by Michael Burgio and Daniel Organ of Cushman & Wakefield in this transaction.
On the Map
Office
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Players
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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