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198 12th Ave, New York, NY,...

Fashionphile Leases 60000 Square Feet At 198 12th Ave New York From RXR Realty
LEASEDOffice

Fashionphile Leases 60000 Square Feet At 198 12th Ave New York From RXR Realty

198 12th Ave, New York, NY, 10001

Building Size

60,000 SF

Asset Type

Office

Closing

Jun 23, 2021

AI

The property involved in the transaction is situated at 198 12th Ave, New York, NY, with a total square footage of 60,000. The market for this asset is New York.

Summary of transaction details:

The deal involves several representatives, including landlord's representatives and brokers. Key individuals include Mary Ann Tighe and Evan Haskell from CBRE, along with Jeffrey Fischer from CBRE. The brokerage team includes Larry Schiffenhaus, Daniel Birney from RXR Realty, Jason Frazier, and Jesse De La Rama IV, all from CBRE.

Players

Larry Schiffenhaus

CBRE

Broker

$83M

vol

13 deals

Broker
RXR Realty
RXR RealtyLandlord
Fashionphile
FashionphileTenant

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