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
About this deal
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.
On the Map
$60
$60/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Samuel (Sam) Hartstein to view all their deals.
Browse New York office leases on Traded.
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