Live Nation Leases 20756 Square Feet At 412 W 15th St From Highgate Holdings
412 W 15th St, New York, NY, 10011
Building Size
20,756 SF
Asset Type
Office
Closing
May 11, 2018
About this deal
AI
This lease transaction involves a property located at 412 W 15th St, New York, NY, encompassing a total area of 20,756 square feet. The property is situated in the New York market and is leased to Live Nation by Highgate Holdings.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 412 W 15th St, New York, NY, 10011
- Market: New York
- Square Feet: 20,756
- Tenant: Live Nation
- Landlord: Highgate Holdings
- Tenant's Representative: Chris Mongeluzo, Newmark Knight Frank
Chris Mongeluzo from Newmark Knight Frank represented Live Nation in this lease transaction with Highgate Holdings acting as the landlord. This collaboration reflects the strategic interests of both the tenant and landlord in the New York property market.
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Office
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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