Tube Mogul Leases 19300 Square Feet At 114 5th Ave New York From First Look Media
114 5th Ave, New York, NY, 10011
Building Size
19,300 SF
Asset Type
Office
Closing
Jun 23, 2015
AI
Tube Mogul signed a 19,300 SF sublease at 114 5th Ave, New York, NY, 10011. The market involved is New York, and the landlord for this transaction is First Look Media.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Square Feet: 19,300
- Address: 114 5th Ave, New York, NY, 10011
- Tenant: Tube Mogul
- Landlord: First Look Media
- Tenant's Representatives: Gregory Wang (Newmark Grubb Knight Frank), Jonathan Tomasco (Newmark Grubb Knight Frank)
- Landlord's Representatives: Ken Ruderman (Savills), Chris Brandt (Savills Studley), Gary Stein (Savills)
- Brokers: Eric Cagner (Newmark)
The lease transaction involved multiple representatives working on behalf of Tube Mogul and First Look Media. Eric Cagner, Gregory Wang, and Jonathan Tomasco represented the tenant, while the landlord was represented by Ken Ruderman, Chris Brandt, and Gary Stein, all from Savills.
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