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1212 6th Avenue

Communications Partners Group Leases 14802 SF At 1212 Avenue Of The Americas From Stawski Partners
LEASEDOffice

Communications Partners Group Leases 14802 SF At 1212 Avenue Of The Americas From Stawski Partners

1212 6th Avenue

$70

$70/SF

Building Size

14,802 SF

Asset Type

Office

Closing

May 22, 2017

AI

The property involved in this lease transaction is located at 1212 Avenue of the Americas, New York. The tenant, Communications Partners Group, has secured a lease for 14,802 square feet at a rent of $70 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1212 Avenue of the Americas, New York
  • Tenant: Communications Partners Group
  • Landlord: Stawski Partners
  • Tenant's Representative: John Mambrino - Savills
  • Landlord's Representatives: Derrick Ades, Edward Goldman - CBRE
  • Rent/SF: $70
  • Square Feet: 14,802

This transaction involves key representatives including John Mambrino from Savills, representing the tenant, and Derrick Ades and Edward Goldman from CBRE, representing the landlord. Their roles were pivotal in finalizing the lease agreement between Communications Partners Group and Stawski Partners.

Players

John Mambrino

Savills

Broker

7 deals

Broker
Stawski Partners
Stawski PartnersLandlord

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93