Bam Labs Leases 11,321 Square Feet At 150 Fifth Avenue In Manhattan's Flatiron District
150 5th Avenue
Building Size
11,321 SF
Asset Type
Office
Closing
Sep 22, 2025
AI
The asset involved in this transaction is an office space located at 150 5th Avenue in the Flatiron District of Manhattan. The property comprises 11,321 square feet and is situated within a fully renovated landmark building that is now fully leased, accommodating tenants such as Mastercard, Ganni, and New Balance.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 150 5th Avenue
- Market: Flatiron District
- Landlord: David Levinson - L&L Holding Company
- Tenant: Bam Labs
- Landlord's Rep: Alan Schmerzler, Sean Moran, Catherine Merck & Patrick O’Rourke - Cushman & Wakefield
- Tenant's Rep: Noah Jay & Michael Yadgard - Compass
Bam Labs, a fitness company based in Madrid, has signed a 15-year lease for its first U.S. location, which is set to open in the fall of 2026. The representatives involved in facilitating this transaction for the landlord were Alan Schmerzler, Sean Moran, Catherine Merck, and Patrick O’Rourke from Cushman & Wakefield, while Noah Jay and Michael Yadgard from Compass represented the tenant.
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