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1270 6th Ave, New York, NY,...

NYC Office Suites Leases 40,000 SF Office Space At 1270 6th Ave, New York
LEASEDOffice

NYC Office Suites Leases 40,000 SF Office Space At 1270 6th Ave, New York

1270 6th Ave, New York, NY, 10020

Building Size

40,000 SF

Asset Type

Office

Closing

Mar 14, 2018

AI

Located at 1270 6th Ave, New York, NY, 10020, the office space spans 40,000 square feet within the Rockefeller Center complex in Midtown. Tishman Speyer serves as the landlord for this asset, with asking rents in the low-$70s per square foot.

Summary of transaction details:

  • Property Type: Office
  • Tenant's Representative: Sean Black()
  • Market: New York
  • Address: 1270 6th Ave, New York, NY, 10020
  • Square Feet: 40,000

NYC Office Suites, a flexible-office provider, secured the lease for the entire seventh floor and part of the eighth floor at Tishman Speyer's 1270 Sixth Avenue. The transaction showcases their expansion into the Rockefeller Center complex, further solidifying their presence in Midtown.

Players

Sean Black

Broker

4 deals

Broker
Tishman Speyer
Tishman SpeyerLandlord

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