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1177 6th Ave, New York, NY,...

Mill Point Capital Leases 12000 Square Feet At 1177 6th Ave New York From Silverstein
LEASEDOffice

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

Erik Harris

Newmark

Broker

$300.4M

vol

26 deals

Broker
Larry Silverstein

Larry Silverstein

Metro Loft

Landlord

$1.6B

vol

11 deals

Landlord

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