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
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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 104 5th Avenue
- Market: Flatiron District
- Landlord: Cyrus Sakhai - Sovereign Partners
- Tenant: Nick Noone - Peregrine
- Landlord's Representative: Daniel Levine, David Falk & Paige Raisides - Newmark
- Tenant's Representative: Jared Isaacson, Jeffrey Frenkel & Ryan Alexander - CBRE
Peregrine, a data intelligence platform based in San Francisco, is establishing its first office in New York City at this location.
Players
NewmarkBrokerage
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