Thor Equities Leases 34300 Square Feet At 530 5th Ave New York With Brokers Savills
530 5th Ave, New York, NY, 10036
Building Size
34,300 SF
Asset Type
Commercial
Closing
Aug 3, 2017
AI
The property involved in this lease transaction is located at 530 5th Ave, New York, NY, 10036, within the New York market. It encompasses a total of 34,300 square feet of commercial space.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 530 5th Ave, New York, NY, 10036
- Market: New York
- Tenant's Representative: Lawson Martin & James Travers - Cresa Los Angeles
- Brokers: Michael Bertini - Savills
- Landlord: Thor Equities
- Square Feet: 34,300
The key individuals and companies involved in this transaction include Lawson Martin and James Travers representing the tenant, while Michael Bertini serves as the broker for the deal. The landlord of the property is Thor Equities, indicating the various parties participating in this lease transaction.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · 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