NHL Leases 160000 Square Feet At 401 9th Ave New York From Landlord Brookfield Represented By Christopher Corrinet CBRE
401 9th Ave, New York, NY, 10001
Building Size
160,000 SF
Asset Type
Office
Closing
Dec 13, 2016
AI
The transaction involves a lease at 401 9th Ave, New York, NY, 10001, spanning a total of 160,000 square feet. The property is located in the New York market and includes multiple floors leased by the NHL, along with an additional 15,000 square feet designated for a retail NHL store within the complex.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 160,000
- Address: 401 9th Ave, New York, NY, 10001
- Tenant: NHL
- Landlord: Brookfield
- Tenant's Representative: Christopher Corrinet-CBRE
- Landlord's Representatives: Jerry Larkin, Duncan McCuaig, Bruce Mosler, Robert Lowe, Ethan Silverstein
The NHL was represented in the transaction by CBRE’s Michael Laginestra and Michael Geoghegan. Brookfield managed the deal in-house while also collaborating with Cushman & Wakefield representatives for additional expertise in the leasing process.
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