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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 114 5th Ave, New York, NY, 10011
- Square Feet: 116926
- Tenant: Capital One Bank
- Landlord: Allianz Real Estate
- Tenant's Representative: Dale Schlather, Greg Herman (Cushman & Wakefield)
- Landlord's Representative: David Berkey (L&L Holding Company)
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
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