LEASEDOffice
Cross Lake Partners LLC Leases 5300 Square Feet At 1166 6th Ave New York From Edward J. Minskoff Equities
1166 6th Ave, New York, NY, 10001
Building Size
5,300 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The lease transaction involves 5,300 square feet of space located at 1166 6th Ave, New York, NY, 10001, within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Cross Lake Partners LLC
- Landlord: Edward J. Minskoff Equities
- Tenant's Representative: Chase Gordon - Avison Young
- Landlord's Representative: Kristen Morgan - JLL
This deal highlights the involvement of key representatives, including Chase Gordon from Avison Young representing the tenant, and Kristen Morgan from JLL representing the landlord, Edward J. Minskoff Equities.
Players
TranswesternBrokerage
CP
Cross Lake PartnersTenant
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