Holt Construction Leases 6992 Square Feet At 875 Avenue Of The Americas, New York
875 6th Avenue
Building Size
6,992 SF
Asset Type
Office
Closing
Apr 7, 2021
AI
The lease transaction involves a commercial space located at 875 Avenue of the Americas, New York. The leased area measures 6,992 square feet, catering to the needs of the tenant.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 875 Avenue of the Americas, New York
- Tenant: Holt Construction
- Landlord: 875 LLC & New 875 LLC
- Tenant's Representative: Joseph Armano, Evan Elias - Armano Real Estate
- Landlord's Representative: Justin Myers, Dennis Someck - Lee & Associates
This transaction highlights the collaboration between Holt Construction and the landlords 875 LLC & New 875 LLC. Joseph Armano and Evan Elias from Armano Real Estate represented Holt Construction, while Justin Myers and Dennis Someck from Lee & Associates represented the landlords in this lease arrangement.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93