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
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