WeWork Leases 250000 Square Feet At 512 7th Ave New York Represented By Jeff Winick And Bruce Mosler
512 7th Ave, New York, NY, 10018
Building Size
250,000 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property located at 512 7th Ave, New York, NY, 10018 is a leased space comprising 250,000 square feet within the New York market. The transaction involves tenant WeWork and landlord Edward J. Minskoff Equities.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 512 7th Ave, New York, NY, 10018
- Market: New York
- Square Feet: 250,000
- Tenant: WeWork
- Landlord: Edward J. Minskoff Equities
- Tenant's Representative: Jeff Winick - Winick Realty Group
- Landlord's Representative: Bruce Mosler - Cushman & Wakefield
Jeff Winick from Winick Realty Group acted as the representative for WeWork in this transaction, while Bruce Mosler from Cushman & Wakefield represented the landlord, Edward J. Minskoff Equities.
On the Map
Office
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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