William Blair & Co. LLC Leases 40240 Square Feet At 1166 6th Ave New York
1166 6th Ave, New York, NY, 10001
Building Size
40,240 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 1166 6th Ave, New York, NY, 10001. It comprises a total of 40,240 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Tenant: William Blair & Co. LLC
- Landlord: Edward J. Minskoff Equities
- Tenant's Representative: Cara Chayet - CBRE
This lease transaction involves significant parties including the tenant, William Blair & Co. LLC, represented by Cara Chayet from CBRE. The landlord of the property is Edward J. Minskoff Equities, who owns the leased space.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93