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155 5th Avenue

Eretz Group Leases Office Space To Maniere De Voir In Flatiron District For $73/ft
LEASEDOffice

Eretz Group Leases Office Space To Maniere De Voir In Flatiron District For $73/ft

155 5th Avenue

$73

$73/SF

Building Size

5,200 SF

Asset Type

Office

Closing

Oct 27, 2024

AI

The property asset involved in this transaction is located at 155 5th Avenue in the Flatiron District. It is designated as an office space with a total square footage of 5,200. The asking rent for the property is set at $73 per square foot. The lease type entered into for this asset is a Modified Gross Lease.

Summary of transaction details:

The deal involved multiple key individuals and companies. The representatives for the landlord included Steven Evans, Emre Bozkurt, and Joseph Zalta from Platinum Properties, while the tenant's side was represented by George Skaliarinis of KSR and Sonny Braha from Crown Onyx Advisors.

Players

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

54 deals

Broker

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

217301.37%

Cash-on-Cash

-62105.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93