JADO Inc. Leases Office Space At 1156 Sixth Avenue In Midtown, Manhattan
1156 Sixth Avenue
$60
$60/SF
Building Size
2,800 SF
Asset Type
Office
Closing
Dec 5, 2023
AI
The office located at 1156 Sixth Avenue in Midtown, Manhattan has been leased. The property, owned by APF Properties, will now be occupied by JADO Inc. The lease transaction was facilitated by John Ryan and Josh Goldman of Avison Young, representing the landlord, and Aaron Aziz of Avenue Realty Advisors, representing the tenant.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 1156 Sixth Avenue
- Market: Midtown, Manhattan
- Landlord: APF Properties
- Tenant: JADO Inc.
- Landlord's Representative: John Ryan & Josh Goldman - Avison Young
- Tenant's Representative: Aaron Aziz - Avenue Realty Advisors
The lease is a modified gross lease type, and the asking rent for the 2,800 square feet space is $60 per square foot.
Players
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93