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1251 6th Ave, New York, NY,...

International Council Of Shopping Centers Leases 44100 Square Feet At 1251 6th Ave New York
LEASEDOffice

International Council Of Shopping Centers Leases 44100 Square Feet At 1251 6th Ave New York

1251 6th Ave, New York, NY, 10020

Building Size

44,100 SF

Asset Type

Office

Closing

Oct 5, 2018

AI

The property asset involved in this transaction is located at 1251 6th Ave, New York, NY, 10020. It encompasses a substantial area of 44,100 square feet within the New York market. The landlord for this lease is Mitsui Fudosan America, while the tenant is the International Council of Shopping Centers.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1251 6th Ave, New York, NY, 10020
  • Market: New York
  • Square Feet: 44,100
  • Tenant's Representative: Chris Kraus(JLL), Christopher Kraus(JLL)
  • Landlord's Representative: Eric Cagner(Newmark)
  • Brokers: David Falk(Newmark)

This transaction highlights the involvement of key players in the leasing process, with Chris Kraus and Christopher Kraus representing the tenant, while Eric Cagner represents the landlord. David Falk is also noted as a broker in this lease agreement, facilitating the deal between the involved parties.

Players

David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
Mitsui Fudosan America
Mitsui Fudosan AmericaLandlord

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