Friends Of The Children Leases Office Space At 1325 5th Ave, New York
1325 5th Ave, New York, NY, 10029
Building Size
6,962 SF
Asset Type
Office
Closing
Sep 20, 2022
About this deal
AI
The office located at 1325 5th Ave, New York, NY, 10029, spans 6,962 square feet. The lease for this property was finalized on 09/20/2022 in the New York market. The landlord, Tahl Propp Equities, secured a deal with Friends of the Children, who will be occupying the space.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Landlord's Representative: Laurence Briody, Jr. (CBRE)
- Tenant: Friends of the Children
Laurence Briody, Jr. from CBRE represented the landlord, Tahl Propp Equities, in this leasing agreement.
On the Map
Office
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Players
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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