Kauff McGuire & Margolis Signs 10-Year Lease For 17320 Square Feet At 810 7th Avenue
810 7th Avenue
$70
$70/SF
Building Size
17,320 SF
Asset Type
Office
Closing
Nov 12, 2024
AI
The property asset involved in this transaction is an office space located at 810 7th Avenue in the Midtown market. The landlord is SL Green Realty, represented by Marc Holiday and Steven Durels. The asset has a total square footage of 17,320 and the asking rent is set at $70 per square foot. The lease term agreed upon is 10 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70/ft
- Square Footage: 17,320
- Address: 810 7th Avenue
- Market: Midtown
- Landlord: Marc Holiday & Steven Durels - SL Green Realty
- Tenant: William Zuckerman - Kauff McGuire & Margolis
- Brokers: Barry Zeller, Harry Blair, Justin Royce, Justin Sodokoff, Peter Trivelas & Tara Stacom - Cushman & Wakefield
- Lease Term: 10-year
The law firm Kauff McGuire & Margolis, represented by William Zuckerman, has signed the lease, negotiated by Cushman & Wakefield's brokerage team, which includes Barry Zeller, Harry Blair, Justin Royce, Justin Sodokoff, Peter Trivelas, and Tara Stacom. This transaction reflects the continued leasing momentum of the building in response to evolving return-to-office policies.
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