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810 7th Avenue

Mirae Asset Securities Expands Lease At 810 7th Avenue With Landlord SL Green Realty
LEASEDOffice

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:

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

Justin Royce

Cushman & Wakefield

Broker

15 deals

Broker

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