IMA New York Signs 10-Year Office Lease At 1155 Avenue Of The Americas In Midtown Manhattan
1155 6th Avenue
Building Size
10,000 SF
Asset Type
Office
Closing
Nov 27, 2023
About this deal
AI
The Durst Organization has leased a 10,000-square-foot office space located at 1155 Avenue of the Americas in Midtown Manhattan. The lease term is set for 10 years. The tenant, IMA New York, a division of insurance brokerage firm IMA Financial Group, will be occupying the space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Square Footage: 10,000
- Address: 1155 Avenue of the Americas, Midtown Manhattan
- Market: Midtown Manhattan
The lease agreement was facilitated by the brokers Brett Harvey and Howard Hersch from JLL.
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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