BNP Paribas Leases 280000 Square Feet At 787 7th Ave New York From CommonWealth Partners
787 7th Ave, New York, NY, 10019
Building Size
280,000 SF
Asset Type
Office
Closing
Jul 21, 2020
About this deal
AI
A lease transaction took place involving a property located at 787 7th Ave, New York, NY, 10019, within the New York market. The leased space encompasses 280,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: BNP Paribas
- Landlord: CommonWealth Partners
- Tenant's Representative: Kenneth Siegel - JLL
- Landlord's Representative: Howard Fiddle - CBRE
The transaction was facilitated by representatives from both sides, with Kenneth Siegel representing the tenant, BNP Paribas, and Howard Fiddle representing the landlord, CommonWealth Partners.
On the Map
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse New York office leases on Traded.
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