The Lions Model Management, LLC Leases Space At 286 5th Ave New York From 286 Fifth Realty Corp
286 5th Ave, New York, NY, 10001
Building Size
—
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 286 5th Ave, New York, NY, 10001. It is situated within the New York market. The property has a square footage of 0, with no specific pricing details mentioned.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: The Lions Model Management, LLC
- Landlord: 286 Fifth Realty Corp
- Tenant's Representative: Corey Borg-Newmark
This lease transaction represents a strategic agreement between The Lions Model Management, LLC and 286 Fifth Realty Corp, facilitated by Corey Borg from Newmark, showcasing a collaboration aimed at fulfilling the operational needs of the tenant within the New York region.
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