Merrill Lynch Wealth Management Leases 125000 Square Feet At 75 Rockefeller Plaza New York
75 Rockefeller Plaza, New York, NY, 1...
Building Size
125,000 SF
Asset Type
Office
Closing
Jun 20, 2016
About this deal
AI
The property involved in this lease transaction is located at 75 Rockefeller Plaza, New York, NY. It encompasses a total area of 125,000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Merrill Lynch Wealth Management
- Landlord: RXR Realty
- Tenant's Representative: Emily Jones - CBRE
This lease agreement highlights the collaboration between RXR Realty, acting as the landlord, and Merrill Lynch Wealth Management as the tenant, facilitating the effective use of the property at the specified location. The negotiation was represented by Emily Jones from CBRE, ensuring the interests of the tenant were adequately addressed throughout the process.
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