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810 7th Avenue

Kauff McGuire & Margolis Signs 10-Year Lease For 17320 Square Feet At 810 7th Avenue
LEASEDOffice

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:

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

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