LEASEDOffice
FuboTV Leases 55,042 Sq Ft Office Space At 1290 Avenue Of The Americas, Midtown With Brokers Jared Freede (CBRE) And Jared Horowitz (Newmark)
1290 Avenue of the Americas, Manhattan, New York, NY, USA
Building Size
55,042 SF
Asset Type
Office
Closing
Feb 28, 2021
AI
The leased property is located at 1290 Avenue Of The Americas in Midtown. Spanning over 55,042 square feet, the office space was leased by FuboTV.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1290 Avenue Of The Americas
- Market: Midtown
The landlord of the property is Vornado. The leasing transaction was facilitated by brokers Jared Freede from CBRE and Jared Horowitz from Newmark.
Players
Vornado Realty TrustBrokerage
Vornado Realty TrustLandlord
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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