America Works Of New York Inc Leases 5000 Square Feet At 286 5th Ave New York
286 5th Ave, New York, NY, 10001
Building Size
5,000 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this lease transaction is located at 286 5th Ave, New York, NY, 10001, within the New York market. It encompasses a total area of 5,000 square feet. The landlord for this transaction is 286 Fifth Realty Corp, while the tenant is America Works of New York, Inc.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 286 5th Ave, New York, NY, 10001
- Market: New York
- Square Feet: 5000
- Tenant: America Works of New York, Inc
- Landlord: 286 Fifth Realty Corp
- Tenant's Representative: Joe McLaughlin-Capstone Realty Advisors
- Landlord's Representative: Joseph Mangiacotti-CBRE
Joe McLaughlin from Capstone Realty Advisors represents America Works of New York, Inc in this lease transaction. Joseph Mangiacotti from CBRE acts as the representative for the landlord, 286 Fifth Realty Corp, facilitating the negotiation and agreement between both parties involved in the lease.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · 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