Waite Buckley Represents Tenant In 9663 SF Office Lease In New York
1155 6th Ave, New York, NY, 10036
Building Size
9,663 SF
Asset Type
Office
Closing
Mar 25, 2020
AI
Located in New York at 1155 6th Ave, New York, NY, 10036, the property involved in the lease is an office space spanning 9,663 square feet. The landlord, Durst Organization, facilitated the transaction on 03/25/2020. The tenant's representative, Waite Buckley from Cresa, oversaw the leasing agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not applicable
- Market: New York
The lease agreement at 1155 6th Ave marks a significant deal in the New York office market. With a total area of 9,663 square feet, the property offers ample space for the tenant's operations. Waite Buckley, representing Cresa, effectively negotiated the terms on behalf of the tenant, ensuring a smooth and successful leasing process.
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