Kushner Companies Leases 49846 Square Feet At 666 5th Ave New York For $65/SF
666 5th Ave, New York, NY, 10103
$65
$65/SF
Building Size
49,846 SF
Asset Type
Commercial
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 666 5th Ave, New York, NY, 10103, within the New York market. The leased space encompasses a total of 49,846 square feet. The rent per square foot for this lease agreement is set at $65.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: N/A
- Address: 666 5th Ave, New York, NY, 10103
- Market: New York
- Square Feet: 49,846
- Rent/SF: $65
- Landlord: Kushner Companies
- Tenant's Rep: Alexander Chudnoff (JLL)
- Landlord's Rep: Jared Solomon (Vornado Realty Trust)
This lease transaction involves Kushner Companies as the landlord, with the tenant's representation being handled by Alexander Chudnoff from JLL. The landlord's representative in this deal is Jared Solomon from Vornado Realty Trust.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93