Brian Chesky Of Airbnb Leases 13,300 Sq. Ft. Office At 130 Fifth Avenue In Manhattan
130 5th Avenue
Building Size
13,300 SF
Asset Type
Office
Closing
Dec 2, 2024
AI
130 5th Avenue, located in Manhattan, features an office space of 13,300 square feet. The lease signed by Airbnb reflects asking rents that vary between $70 to $82 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 130 5th Avenue
- Market: Manhattan
- Landlord: Seth Schochet - Olnick Organization
- Tenant: Brian Chesky - Airbnb
- Landlord's Representative: David Falk, Claire Koeppel, Leo Kone, & Eric Cagner - Newmark
- Tenant's Representative: Ariel Ball, Lauren Crowley Corrinet, Sacha Zarba, Conor Krup - CBRE
The transaction involves key individuals such as tenant Brian Chesky from Airbnb and landlord Seth Schochet of Olnick Organization, supported by their respective representatives. The landlord's team includes David Falk and Claire Koeppel from Newmark, while CBRE represents the tenant with Ariel Ball, Lauren Crowley Corrinet, Sacha Zarba, and Conor Krup.
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