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550 Fashion Ave, New York, ...

InVision Communications Leases 12015 SF At 550 Fashion Ave New York From Adler Group
LEASEDOffice

InVision Communications Leases 12015 SF At 550 Fashion Ave New York From Adler Group

550 Fashion Ave, New York, NY, 10018

$60

$60/SF

Building Size

12,015 SF

Asset Type

Office

Closing

Jun 29, 2016

AI

The property involved in this lease transaction is located at 550 Fashion Ave, New York, NY, 10018. It is situated in the New York market, featuring a total area of 12,015 square feet. The rent for this space is set at $60 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: N/A
  • Address: 550 Fashion Ave, New York, NY, 10018
  • Market: New York
  • Tenant: InVision Communications
  • Landlord: Adler Group
  • Tenant's Representative: Christie Bennet (Newmark Grubb Knight Frank)
  • Rent/SF: $60
  • Square Feet: 12,015

This transaction involved key representatives, including Christie Bennet from Newmark Grubb Knight Frank, who represented the tenant, InVision Communications, in the leasing agreement with the landlord, Adler Group.

Players

Michael Heaner

Kaufman Organization

Broker

8 deals

Broker
AG
Adler GroupLandlord
IC
InVision CommunicationsTenant

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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93