Vine Ventures Signs Lease For Office Space In Flatiron District
101 5th Ave, New York City, New York 10011, United States
Building Size
7,080 SF
Asset Type
Office
Closing
Jun 16, 2022
AI
101 5th Ave, located in the Flatiron market, has been leased for office use. The lease was finalized on June 17, 2022.
Summary of transaction details:
- Property Type: Office
- Asking Rent: $91 per square foot
- Square Footage: 7,080
- Landlord: Eretz Group
- Tenant: Vine Ventures - Eric Reiner
- Brokers: Steven Evans & Khashy Eyn - Platinum Properties
Notable individuals involved in this lease include Eric Reiner from Vine Ventures and brokers Steven Evans and Khashy Eyn from Platinum Properties. Platinum Properties congratulates Eric and the Vine team on closing their second fund, raising a total of $140 million. They wish them success and prosperity in their new headquarters.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93