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1155 Avenue of the Americas...

Health Management Associates Relocates Office To 1155 Avenue Of The Americas In New York
LEASEDOffice

Health Management Associates Relocates Office To 1155 Avenue Of The Americas In New York

1155 Avenue of the Americas, New York, NY 10036

$77

$77/SF

Building Size

7,217 SF

Asset Type

Office

Closing

Jul 12, 2023

AI

The Durst Organization has leased out a new space in New York at 1155 Avenue of the Americas to Health Management Associates (HMA), a company relocating from 1133 Avenue of the Americas. The office space is owned by The Durst Organization, making it a smooth transition for HMA.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 1155 Avenue of the Americas, New York
  • Market: New York

Joseph Armano from Armano Real Estate represented HMA in this leasing transaction. The specific leasing details, such as the asking rent and square footage, were not disclosed. However, this deal highlights the ongoing efforts of The Durst Organization to attract and accommodate corporate tenants in their properties.

Players

Joseph Armano

Broker

4 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

206012.99%

Cash-on-Cash

-58879.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93