Chime Leases 84000 Square Feet Office Space At 122 5th Avenue From Bromley Companies
122 5th Avenue
Building Size
84,000 SF
Asset Type
Office
Closing
May 8, 2025
AI
The property asset involved in this transaction is an office space located at 122 5th Avenue in the Flatiron District. It encompasses a total square footage of 84,000, supporting the operational needs of commercial tenants.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 122 5th Avenue
- Market: Flatiron District
- Landlord: Nicholas Haines - Bromley Companies
- Tenant: Chime
- Landlord's Representative: David Falk, Dylan Weisman, Eric Cagner & Peter Shimkin - Newmark
- Tenant's Representative: Gregg Cohen, Jamie Saunders, Jacob Berston, Janna Luce & Samuel Steinberg - Cresa
Key individuals involved in the deal include Nicholas Haines, representing Bromley Companies as the landlord, and Chime as the tenant. The transaction was brokered by a team of representatives from Newmark for the landlord and Cresa for the tenant. This lease marks the relocation of Chime's NYC offices, previously situated at 101 Greenwich Street.
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