VidMob Leases 13700 Square Feet From Chipotle At 126 5th Ave New York With Brokers Christopher Thomson And Greg Bante
126 5th Ave, New York, NY, 10011
Building Size
13,700 SF
Asset Type
Office
Closing
Jan 28, 2019
AI
The property asset involved in this transaction is located at 126 5th Ave, New York, NY, 10011. It encompasses a total square footage of 13,700 and is situated within the New York market. The landlord for this lease is Chipotle, and the tenant is VidMob.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 13,700
- Address: 126 5th Ave, New York, NY, 10011
- Market: New York
- Tenant: VidMob
- Landlord: Chipotle
- Tenant's Representative: Christopher Thomson-Cushman & Wakefield
- Landlord's Representative: Greg Bante - Savills Studley
The deal was represented by Christopher Thomson from Cushman & Wakefield for the tenant, VidMob, while the landlord, Chipotle, was represented by Greg Bante from Savills Studley. This agreement highlights the collaboration between these companies and their brokers in securing the lease for the property.
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