McGuireWoods Leases 42500 Square Feet At 1251 6th Ave New York From Mitsui Fudosan America
1251 6th Ave, New York, NY, 10020
Building Size
42,500 SF
Asset Type
Office
Closing
Apr 28, 2017
AI
The property involved in this lease transaction is located at 1251 6th Ave, New York, NY, within the New York market. The leased space encompasses 42,500 square feet, with McGuireWoods as the tenant and Mitsui Fudosan America serving as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1251 6th Ave, New York, NY, 10020
- Market: New York
- Square Feet: 42,500
- Tenant: McGuireWoods
- Landlord: Mitsui Fudosan America
- Brokers: Chris Mongeluzo - Newmark Knight Frank
The deal was brokered by Chris Mongeluzo from Newmark Knight Frank, representing the transaction for the parties involved. The lease reflects ongoing activity in the Manhattan market, contributing to a total of over 1 million square feet leased in the last 30 days as seen in recent leasing deals.
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