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
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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