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441 9th Ave New York, NY 10...

Sprinklr Leases 23,623 Sqft Office Space At 441 9th Ave, Midtown West
LEASEDOffice

Sprinklr Leases 23,623 Sqft Office Space At 441 9th Ave, Midtown West

441 9th Ave New York, NY 10001, USA

$120

$120/SF

Building Size

23,623 SF

Asset Type

Office

Closing

Aug 17, 2023

AI

The lease transaction involves a 23,623-square-foot office space located at 441 9th Ave in Midtown West. The property, known as Hudson Commons, is situated near Hudson Yards, adding to its desirability and convenience. The landlord, CommonWealth Partners, has reached an agreement with Sprinklr to lease the space.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 441 9th Ave
  • Market: Midtown West

Sprinklr, a tenant in this deal, is relocating to the 23,623-square-foot space at 441 Ninth Avenue. The landlord's representatives from CBRE involved in the leasing negotiations are Ben Joseph, Evan Haskell, Howard Fiddle, and James Ackerson. On the tenant side, David Goldstein and Nick Farmakis of Savills represented Sprinklr in this transaction.

Players

Howard Fiddle

CBRE

Broker

28 deals

Broker
CP
CommonWealth PartnersLandlord

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93