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111 5th Avenue

Adyen Leases 90,000 Square Feet Office Space In Flatiron District From Winter Organization
LEASEDOffice

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:

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

Kyle Riker

JLL

Broker

11 deals

Broker
David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
WO
Winter OrganizationLandlord

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