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
About this deal
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.
On the Map
Office
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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