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

McGuireWoods Leases 42500 Square Feet At 1251 6th Ave New York From Mitsui Fudosan America
LEASEDOffice

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

Chris Mongeluzo

Newmark

Broker

16 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