Emilie Rubinfeld Of CBRE Represents Carolina Herrera In Lease Expansion At 501 Seventh Avenue
501 Seventh Avenue
Building Size
34,000 SF
Asset Type
Office
Closing
Apr 21, 2025
AI
The property asset involved in the transaction is an office located at 501 Seventh Avenue in Manhattan, encompassing a total area of 34,000 square feet. This transaction is part of a lease agreement, with the property being owned by Empire State Realty Trust.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 501 Seventh Avenue
- Market: Manhattan
- Landlord: Anthony E. Malkin - Empire State Realty Trust
- Tenant: Emilie Rubinfeld - Carolina Herrera
- Landlord's Representatives: Harley Dalton & Ron Lo Russo - Cushman & Wakefield; Jordan Berger, Shanae Ursini, Kerry Lavelle - Empire State Realty Trust
- Tenant's Representatives: Cara Chayet & Matthew McBride - CBRE
This lease transaction involves Carolina Herrera, which has renewed and expanded its lease, increasing its office space within the Empire State Realty Trust’s building. The involvement of multiple real estate professionals highlights the collaborative effort in facilitating this deal.
Players
Terre Haute 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