LEASED
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
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.
Players
Stawski PartnersLandlord
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