Barbizon Lighting Company Leases Office Space At 639 Eleventh Avenue In Midtown West
639 11th Avenue, Manhattan, New York, NY, USA
Building Size
21,000 SF
Asset Type
Office
Closing
Oct 1, 2021
AI
The lease for an office space located at 639 Eleventh Avenue in Midtown West has been finalized. The property, spanning 21,000 square feet, was leased by Barbizon Lighting Company. The landlord, SamRuv Operation Corp., represented by Sam Ruvinsky, facilitated the transaction. The lease was negotiated by Ross Eisenberg and Josh Berger of RDE Advisors. The asking rent for the space was $69 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 639 Eleventh Avenue
- Market: Midtown West
- Landlord: SamRuv Operation Corp. - Sam Ruvinsky
- Tenant: Barbizon Lighting Company
- Brokers: Ross Eisenberg & Josh Berger - RDE Advisors
- Asking Rent: $69 per square foot
The lease agreement for the office space at 639 Eleventh Avenue was facilitated by Ross Eisenberg and Josh Berger of RDE Advisors. The transaction involved Barbizon Lighting Company as the tenant and SamRuv Operation Corp. represented by Sam Ruvinsky as the landlord.
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