Yext Subleases 20,105 SF Office Space At 61 9th Avenue From Fanatics For $140/ft
61 9th Avenue
$140
$140/SF
Building Size
20,105 SF
Asset Type
Office
Closing
Mar 14, 2026
AI
The property involved in this transaction is located at 61 9th Avenue in the Meatpacking District. This office space is leased under a Single Net Lease with an asking rent of $140 per square foot, encompassing a total area of 20,105 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $140/ft
- Square Footage: 20,105
- Sublandlord: Fanatics
- Subtenant: Yext
- Landlord's Representative: Steven Rotter, Marcella LaHara, Tristan Gretzky, Rishi Majmundar, Adam Spector, Neil Goldmacher, and Douglas Levine - Newmark
This transaction involved several key individuals from Newmark representing the landlord, contributing to the leasing agreement between Fanatics as the sublandlord and Yext as the subtenant. The deal showcases the collaboration of multiple representatives to facilitate the agreement effectively.
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
113307.14%
Cash-on-Cash
-32383.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93