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
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