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1155 6th Ave, New York, NY,...

Waite Buckley Represents Tenant In 9663 SF Office Lease In New York
LEASEDOffice

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

Waite Buckley

Cresa

Broker

2 deals

Broker
Durst Organization
Durst OrganizationBrokerage
Durst Organization
Durst OrganizationLandlord

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