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401 9th Ave, New York, NY, ...

McKool Smith Leases 64120 Square Feet At 401 9th Ave New York At $108 Per SF
LEASEDOffice

McKool Smith Leases 64120 Square Feet At 401 9th Ave New York At $108 Per SF

401 9th Ave, New York, NY, 10001

$108

$108/SF

Building Size

64,120 SF

Asset Type

Office

Closing

Jul 11, 2017

AI

The property involved in this lease transaction is located at 401 9th Ave, New York, NY, 10001. It encompasses a total area of 64,120 square feet and is part of the New York market. The rent is priced at $108 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 401 9th Ave, New York, NY, 10001
  • Market: New York
  • Tenant: McKool Smith
  • Rent/SF: $108
  • Square Feet: 64,120
  • Brokers: Andrew Braver - Cushman & Wakefield, J. W. Amend - The Amend Group

The transaction features key individuals, including Andrew Braver from Cushman & Wakefield and J. W. Amend from The Amend Group, who represented their respective parties in the deal. McKool Smith is the tenant involved in this leasing agreement.

Players

Andrew Braver

Cushman & Wakefield

Broker

$101.7M

vol

10 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

146879.63%

Cash-on-Cash

-41978.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93