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286 5th Ave, New York, NY, ...

The Lions Model Management, LLC Leases Space At 286 5th Ave New York From 286 Fifth Realty Corp
LEASED

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

Corey Borg

Newmark

Broker

10 deals

Broker
2C
286 Fifth Realty CorpLandlord

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