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130 5th Avenue

Brian Chesky Of Airbnb Leases 13,300 Sq. Ft. Office At 130 Fifth Avenue In Manhattan
LEASEDOffice

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:

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

David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

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