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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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