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5 E 16th St, New York, Ny 1...

Updated Dec 4, 2024

NY CBT Leases Office Space At 5 East 16th Street In Union Square
LEASEDOffice

NY CBT Leases Office Space At 5 East 16th Street In Union Square

5 E 16th St, New York, Ny 10003, Usa

Building Size

52,000 SF

Asset Type

Office

Closing

Feb 24, 2020

About this deal

AI

The office property located at 5 East 16th Street in Union Square has been involved in a closed transaction. The property spans across 5,200 square feet and was leased by NY CBT. The landlord for this transaction was Buchbinder & Warren. The tenant was represented by Eric Shifflett, Joel Kubie, and Daniel Lolai from LSL Advisors, while the landlord was represented by Barbara Craig from NKF. The asking rent for this office space was $68 per square foot.

Summary of Transaction Details

The deal was facilitated by the tenant’s representatives, Eric Shifflett, Joel Kubie, and Daniel Lolai from LSL Advisors, and the landlord’s representative, Barbara Craig from NKF.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

93 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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