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1140 6th Avenue

Hodges Ward Elliott Leases 10000 Square Feet At 1140 Avenue Of The Americas
LEASEDOffice

Hodges Ward Elliott Leases 10000 Square Feet At 1140 Avenue Of The Americas

1140 6th Avenue

Building Size

10,000 SF

Asset Type

Office

Closing

Aug 12, 2015

AI

The property involved in this lease transaction is located at 1140 Avenue of the Americas, New York, and encompasses a total of 10,000 square feet. The landlord of the property is Equity Office, and the lease has been secured by Hodges Ward Elliott as the tenant.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1140 Avenue of the Americas, New York
  • Square Feet: 10,000
  • Tenant: Hodges Ward Elliott
  • Landlord: Equity Office
  • Tenant's Representative: Greg Taubin - Savills Studley
  • Landlord's Representative: Douglas (Doug) Neye

Key individuals involved in the transaction include Greg Taubin from Savills Studley representing Hodges Ward Elliott, and Douglas (Doug) Neye representing Equity Office, overseeing the negotiations for the lease agreement.

Players

Douglas Neye

Broker

3 deals

Broker
SJP Properties
SJP PropertiesBrokerage

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