Glossier Leases 26000 Square Feet At 161 6th Ave New York With Tenant's Rep Daniel Wilpon
161 6th Ave, New York, NY, 10013
Building Size
26,000 SF
Asset Type
Office
Closing
Apr 12, 2017
AI
The property involved in this lease transaction is located at 161 6th Ave, New York, NY, 10013, within the New York market. It comprises 26,000 square feet, providing ample space for tenant operations.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Glossier
- Landlord: Stellar Management
- Tenant's Representative: Daniel Wilpon-CBRE
This transaction highlights the role of Daniel Wilpon from CBRE, who represented the tenant, Glossier, during the deal with the landlord, Stellar Management. Their collaboration facilitated the successful leasing of the property, ensuring both parties' interests were effectively managed throughout the process.
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