Mirae Asset Securities Expands Lease At 810 7th Avenue With Landlord SL Green Realty
810 7th Avenue
$70
$70/SF
Building Size
34,640 SF
Asset Type
Office
Closing
Oct 21, 2024
AI
The property involved in the transaction is located at 810 7th Avenue in Midtown Manhattan. It is classified as an office asset with a total square footage of 34,640. The asking rent for this property is $70 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 810 7th Avenue
- Market: Midtown Manhattan
- Square Footage: 34,640
- Landlord: Steven Durels - SL Green Realty
- Tenant: Mirae Asset Securities
- Landlord's Representative: Barry Zeller, Harry Blair, Justin Royce, Pierce Hance & Tara Stacom - Cushman & Wakefield
- Tenant's Representative: John Moran & Neil Goldmacher - Newmark
This lease transaction involved the renewal and expansion of Mirae Asset Securities' lease, enabling them to double their space to occupy the entire 37th floor for a ten-year term.
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93