facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

1212 6th Avenue

Nardello & Co Signs 12-Year Lease For 22000 Square Feet At 1212 6th Avenue
LEASEDOffice

Nardello & Co Signs 12-Year Lease For 22000 Square Feet At 1212 6th Avenue

1212 6th Avenue

Building Size

22,000 SF

Asset Type

Office

Closing

Nov 19, 2024

AI

The property asset involved in this transaction is an office space located at 1212 6th Avenue in Midtown Manhattan. The asset encompasses a total of 22,000 square feet, accommodating the needs of its tenant. The market area is notable for its position at the center of the Rockefeller Center District.

Summary of transaction details:

This lease transaction involves the investigative firm Nardello & Co., which is relocating its global headquarters to this location. The decision to sign a 12-year lease is driven by an increase in demand for the firm’s corruption-related investigation services, solidifying its presence in a prominent market area.

Players

Paul Glickman

JLL

Broker

28 deals

Broker

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