Adyen Leases 90,000 Square Feet Office Space In Flatiron District From Winter Organization
111 5th Avenue
$89
$89/SF
Building Size
90,000 SF
Asset Type
Office
Closing
Apr 7, 2026
AI
The property asset involved is an office located at 111 5th Avenue in the Flatiron District of Manhattan. Adyen has signed a 10-year lease for 90,000 square feet at an asking rent of $89 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $89/ft
- Square Footage: 90,000
- Address: 111 5th Avenue
- Market: Flatiron District
- Landlord: Winter Organization
- Tenant: Adyen
- Landlord's Rep: David Falk, Robert Silver & Anthony Sciacca - Newmark
- Tenant's Rep: Justin Haber & Kyle Riker - JLL
- Lease Term: 10 years
This transaction involves key representatives including David Falk, Robert Silver, and Anthony Sciacca from Newmark, representing the landlord, while Justin Haber and Kyle Riker from JLL represent the tenant in this lease agreement.
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
178235.96%
Cash-on-Cash
-50940.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93