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
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