MAC Cosmetics Leases 86000 Square Feet At 161 6th Ave, New York From Stellar Management
161 6th Ave, New York, NY, 10013
$125
$125/SF
Building Size
86,000 SF
Asset Type
Office
Closing
Apr 4, 2017
AI
The lease is for a property located at 161 6th Ave, New York, NY, 10013. It spans a total area of 86,000 square feet and has a rent of $125 per square foot. The market for this property is New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 161 6th Ave, New York, NY, 10013
- Market: New York
- Rent/SF: $125
- Square Feet: 86,000
- Tenant: MAC Cosmetics
- Landlord: Stellar Management
- Broker: Gregory Tosko-CBRE
The transaction involves MAC Cosmetics as the tenant, leasing the space from Stellar Management. Gregory Tosko from CBRE represents the landlord in this deal, facilitating the agreement between MAC Cosmetics and Stellar Management.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93