Prepared 911 Leases Office Space At 101 5th Avenue Manhattan For 5 Years At $73/ft
101 5th Avenue
$73
$73/SF
Building Size
7,080 SF
Asset Type
Office
Closing
Jun 25, 2025
AI
101 5th Avenue in Manhattan is a 7,080-square-foot property with an asking rent of $73 per square foot, in the Manhattan market.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $73 per square foot
- Lease Type: Modified Gross Lease
- Lease Term: 5 years
- Landlord: Eretz Group
- Tenant: Prepared 911
- Brokers: Steven Evans - Platinum Properties; Emre Bozkurt - Platinum Properties; David Mainthow - Cushman & Wakefield; Keaton McCann - Cushman & Wakefield
The deal centers on Eretz Group as the landlord and Prepared 911 as the tenant, with broker representation by Steven Evans - Platinum Properties; Emre Bozkurt - Platinum Properties; David Mainthow - Cushman & Wakefield; Keaton McCann - Cushman & Wakefield.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
217301.37%
Cash-on-Cash
-62105.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93