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.
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