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512 7th Ave, New York, NY, ...

WeWork Leases 250000 Square Feet At 512 7th Ave New York Represented By Jeff Winick And Bruce Mosler
LEASEDOffice

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

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:

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.

Players

Bruce Mosler

Cushman & Wakefield

Broker

17 deals

Broker
E
EquitiesLandlord

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