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
About this deal
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.
On the Map
$120
$120/SF
Office
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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