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32 6th Ave, New York, NY, 1...

Dorilton Capital Management Leases 26000 Sq Ft Office Space At 32 6th Ave, New York
LEASEDOffice

Dorilton Capital Management Leases 26000 Sq Ft Office Space At 32 6th Ave, New York

32 6th Ave, New York, NY, 10013

Building Size

26,000 SF

Asset Type

Office

Closing

Feb 27, 2019

AI

Located at 32 6th Ave, New York, NY, 10013, the office space involved in this lease transaction spans 26,000 square feet. The deal was finalized on 02/27/2019 in the bustling New York market. The landlord's representative for this transaction was Robert Steinman, with the tenant being Dorilton Capital Management.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 32 6th Ave, New York, NY, 10013
  • Market: New York

The involvement of Dorilton Capital Management as the tenant highlights their expansion or relocation needs in New York's competitive real estate landscape, while Robert Steinman's representation signifies a pivotal role in facilitating the transaction for the undisclosed landlord.

Players

Robert Steinman

Rudin Management Company

Broker

11 deals

Broker

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