facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

114 5th Ave, New York, NY, ...

Capital One Bank Leases 116926 Square Feet At 114 5th Ave New York With Rep Dale Schlather
LEASEDOffice

Capital One Bank Leases 116926 Square Feet At 114 5th Ave New York With Rep Dale Schlather

114 5th Ave, New York, NY, 10011

Building Size

116,926 SF

Asset Type

Office

Closing

Aug 3, 2022

AI

The property asset involved in this transaction is located at 114 5th Ave, New York, NY, 10011. The leased space has a total area of 116,926 square feet and is situated in the New York market.

Summary of transaction details:

The key individuals involved in this transaction include the tenant, Capital One Bank, and the landlord, Allianz Real Estate. The representatives for the tenant are Dale Schlather and Greg Herman from Cushman & Wakefield, while the landlord is represented by David Berkey from L&L Holding Company.

Players

Dale Schlather

Cushman & Wakefield

Broker

7 deals

Broker
Capital One
Capital OneLender
Capital One
Capital OneTenant

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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