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155 5th Ave, New York, NY, ...

Updated Oct 29, 2024

Rachel Zoe Leases 5200 Square Feet At 155 5th Ave New York With Brian Neugeboren As Representative
LEASEDOffice

Rachel Zoe Leases 5200 Square Feet At 155 5th Ave New York With Brian Neugeboren As Representative

155 5th Ave, New York, NY, 10010

Building Size

5,200 SF

Asset Type

Office

Closing

Oct 27, 2015

About this deal

AI

The property involved in this transaction is located at 155 5th Ave, New York, NY, 10010. This is a lease transaction with a total area of 5,200 square feet situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 155 5th Ave, New York, NY, 10010
  • Square Feet: 5,200
  • Tenant: Rachel Zoe
  • Tenant's Representative: Brian Neugeboren
  • Landlord: Eretz Group
  • Landlord's Representative: Nick Mok
  • Additional Representatives: Marc Schoen, Michael Schoen, Sam Saffman from Savitt Partners

This transaction involves designer Rachel Zoe leasing the space, with Brian Neugeboren representing her interests. The landlord Eretz Group was represented in-house by Nick Mok. The negotiating team for the tenant included Marc Schoen, Michael Schoen, and Sam Saffman from Savitt Partners.

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Players

Brian Neugeboren

Broker

9 deals

Broker
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Eretz GroupLandlord
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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

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