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410 Tenth Avenue, Hudson Yards

Amazon Signs Lease For 335,000 SF Space At 410 Tenth Avenue In Hudson Yards
LEASEDOther

Amazon Signs Lease For 335,000 SF Space At 410 Tenth Avenue In Hudson Yards

410 Tenth Avenue, Hudson Yards

Building Size

3,350,000 SF

Asset Type

Other

Closing

Dec 5, 2019

AI

Amazon has secured a lease for a property located at 410 Tenth Avenue in the Hudson Yards market. The property spans 335,000 square feet and had an asking rent of approximately $90 per square foot.

Summary of transaction details

The lease deal was facilitated by Amazon's representatives from JLL, specifically Derek Trulson, Bill Peters, and Josh Stuart. On the landlord's side, the deal was represented by Brian Waterman, Scott Klau, Brent Ozarowski, and Erik Harris from NewmarkKF.

Players

Scott Klau

Newmark

Broker

22 deals

Broker
SL Green
SL GreenLandlord
Amazon
AmazonTenant

New York Other Market Snapshot

Boundary boundary · Other · 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