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1350 Avenue of the Americas...

PennantPark Leases 10705 Square Feet At 1350 Avenue Of The Americas With SL Green Realty Corp
LEASEDOffice

PennantPark Leases 10705 Square Feet At 1350 Avenue Of The Americas With SL Green Realty Corp

1350 Avenue of the Americas, New York, NY 10019, USA

Building Size

10,705 SF

Asset Type

Office

Closing

Oct 22, 2021

AI

The property located at 1350 Avenue of the Americas in New York involves a lease transaction with a total square footage of 10,705. The landlord of the property is SL Green Realty Corp., and the tenant in this lease agreement is PennantPark.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1350 Avenue of the Americas, New York
  • Tenant: PennantPark
  • Landlord: SL Green Realty Corp.
  • Square Feet: 10,705
  • Tenant's Representative: Jessica Verdi-Colliers International

The leasing transaction includes Jessica Verdi representing PennantPark through Colliers International, signifying the involvement of key industry representatives in facilitating the agreement between the tenant and SL Green Realty Corp.

Players

Jessica Verdi

Colliers

Broker

10 deals

Broker
Newmark
NewmarkBrokerage
SL Green
SL GreenLandlord

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