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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 198 12th Ave, New York, NY, 10001
- Landlord: RXR Realty
- Tenant: Fashionphile
- Landlord's Representative: Mary Ann Tighe-CBRE, Denise Rodriguez, Evan Haskell-CBRE, Jeffrey Fischer-CBRE
- Brokers: Larry Schiffenhaus-CBRE, Daniel Birney-RXR Realty, Jason Frazier-CBRE, Jesse De La Rama IV-CBRE
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
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