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462 7th Avenue

Updated Dec 4, 2024

FusionStorm Leases Office Space At 462 7th Ave, New York, NY
LEASEDOffice

FusionStorm Leases Office Space At 462 7th Ave, New York, NY

462 7th Avenue

Building Size

10,013 SF

Asset Type

Office

Closing

Sep 18, 2018

About this deal

AI

The office located at 462 7th Ave, New York, NY, 10018, is a 10,013 square feet property in New York. The lease for this office was finalized on 09/18/2018 between FusionStorm, the tenant, and Kaufman Organization, the landlord. Kirill Azovtsev from Savills represented FusionStorm in this transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: FusionStorm
  • Landlord: Kaufman Organization
  • Square Feet: 10,013
  • Tenant's Rep: Kirill Azovtsev (Savills)

The lease agreement was for FusionStorm to occupy the office space managed by Kaufman Organization. The involvement of Kirill Azovtsev from Savills added a layer of professional representation to the deal, ensuring that the interests of FusionStorm were well-represented throughout the negotiation process.

Players

Kirill Azovtsev

Savills

Broker

$10.3M

vol

29 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

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

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