Mill Point Capital Leases 12000 Square Feet At 1177 6th Ave New York From Silverstein
1177 6th Ave, New York, NY, 10036
Building Size
12,000 SF
Asset Type
Office
Closing
Mar 25, 2019
AI
A lease transaction has taken place at 1177 6th Ave, New York, NY, 10036. This property is situated in the New York market and encompasses a total area of 12,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Mill Point Capital
- Tenant's Representative: Erik Harris - Newmark
- Landlord: Silverstein
- Address: 1177 6th Ave, New York, NY, 10036
- Square Feet: 12,000
Erik Harris of Newmark represented the interests of Mill Point Capital in this transaction. The landlord, Silverstein, was involved in the leasing agreement, facilitating the arrangement between the parties.
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