McKissack & McKissack Leases 14113 Sq Ft Office Space At 498 Fashion Ave, New York
498 Fashion Ave, New York, NY, 10018
Building Size
14,113 SF
Asset Type
Office
Closing
Jun 8, 2022
AI
The leased property located at 498 Fashion Ave, New York, NY, 10018, is an office space spanning 14,113 square feet. The landlord, George Comfort & Sons, facilitated the lease to McKissack & McKissack, represented by their landlord's rep, Matthew Coudert from George Comfort & Sons
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Market: New York
- Tenant: McKissack & McKissack
Matthew Coudert from George Comfort & Sons served as the landlord's representative, overseeing the lease agreement for the 14,113 square feet office space at 498 Fashion Ave, New York. The tenant, McKissack & McKissack, secured this property in the vibrant market of New York.
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