Cloud9 Technologies Leases 18650 Square Feet At 565 5th Ave From Stawski Partners
565 5th Ave, New York, NY, 10017
Building Size
18,650 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this lease transaction is located at 565 5th Ave, New York, NY, 10017. This asset consists of a total of 18,650 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 565 5th Ave, New York, NY, 10017
- Market: New York
- Tenant: Cloud9 Technologies
- Landlord: Stawski Partners
- Tenant's Representative: John Isaacs-CBRE
The deal involves Cloud9 Technologies as the tenant, with representation provided by John Isaacs from CBRE. Stawski Partners is the landlord associated with this lease transaction.
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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