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
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