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61 9th Avenue

Yext Subleases 20,105 SF Office Space At 61 9th Avenue From Fanatics For $140/ft
LEASEDOffice

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:

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

Neil Goldmacher

Newmark

Broker

16 deals

Broker
Newmark
NewmarkBrokerage

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