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666 5th Ave, New York, NY, ...

Kushner Companies Leases 49846 Square Feet At 666 5th Ave New York For $65/SF
LEASEDCommercial

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:

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

Alexander Chudnoff

JLL

Broker

$38.2M

vol

19 deals

Broker
Kushner Companies
Kushner CompaniesLandlord

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