LEASEDOffice
Lyft Leases 100638 Sq. Ft. Office Space In New York With Landlord Baupost Group
441 9th Ave, New York, NY, 10001
Building Size
100,638 SF
Asset Type
Office
Closing
Feb 21, 2019
AI
The office property located at 441 9th Ave, New York, NY, 10001, in New York, spans a total of 100,638 square feet. The lease for this asset was executed on February 21, 2019.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Specified
- Tenant: Lyft
- Landlord: Baupost Group
- Tenant's Representative: Steven Rotter (JLL)
The leasing transaction at 441 9th Ave involved Lyft as the tenant and the Baupost Group as the landlord. Steven Rotter from JLL represented Lyft in this deal.
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