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

Durst Organization Leases 44277 Square Feet At 1155 6th Ave New York With CBRE And JLL
LEASEDOffice

Durst Organization Leases 44277 Square Feet At 1155 6th Ave New York With CBRE And JLL

1155 6th Ave, New York, NY, 10036

Building Size

44,277 SF

Asset Type

Office

Closing

Jan 28, 2020

AI

The property asset involved in this transaction is located at 1155 6th Ave, New York, NY, 10036. It spans a total area of 44,277 square feet and is situated within the New York market. The landlord of the property is Durst Organization.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1155 6th Ave, New York, NY, 10036
  • Square Feet: 44,277
  • Landlord: Durst Organization
  • Tenant's Representatives: Jeffrey Fischer (CBRE), John Nugent (JLL)
  • Broker: Christopher W. Mansfield (CBRE)

The transaction involved key representatives in the leasing process, including Jeffrey Fischer and John Nugent, who represented the tenant. Christopher W. Mansfield acted as the broker facilitating the lease in this deal, ensuring that both parties were represented effectively in the transaction.

Players

John Nugent

JLL

Broker

$62M

vol

11 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