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161 6th Ave, New York, NY, ...

Glossier Leases 26000 Square Feet At 161 6th Ave New York With Tenant's Rep Daniel Wilpon
LEASEDOffice

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:

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

Daniel Wilpon

CBRE

Broker

5 deals

Broker
Stellar Management
Stellar ManagementLender
Stellar Management
Stellar ManagementLandlord

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