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104 5th Avenue

Updated May 12, 2025

Peregrine Leases Office Space At 104 5th Avenue In New York City From Sovereign Partners
LEASEDOffice

Peregrine Leases Office Space At 104 5th Avenue In New York City From Sovereign Partners

104 5th Avenue

Building Size

—

Asset Type

Office

Closing

Mar 28, 2025

About this deal

AI

The property asset involved in this transaction is an office space located at 104 5th Avenue in the Flatiron District. The asset comprises 9,505 square feet on the third floor, designated for leasing purposes.

Summary of transaction details:

Peregrine, a data intelligence platform based in San Francisco, is establishing its first office in New York City at this location.

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Players

David Falk
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David Falk

Newmark

Broker

64 deals

Broker
Newmark
NewmarkBrokerage

Cyrus Sakhai

Sovereign Partners

Landlord

$598M

vol

6 deals

Landlord
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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

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