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
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.
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