HRC Corporation Leases 43000 Square Feet To Tenant At 156 5th Ave New York
156 5th Ave, New York, NY, 10010
Building Size
43,000 SF
Asset Type
Office
Closing
May 23, 2018
About this deal
AI
This lease transaction involves a property located at 156 5th Ave, New York, NY, 10010, comprising a total area of 43,000 square feet. The market for this asset is New York, and it is part of a lease agreement between the involved parties.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 156 5th Ave, New York, NY, 10010
- Market: New York
- Square Feet: 43000
- Tenant's Representative: Elie Reiss - Skylight Leasing
- Landlord: HRC Corporation
The transaction involved Elie Reiss representing Skylight Leasing as the tenant's representative in the lease agreement with HRC Corporation, who acted as the landlord. No other details about the negotiation process or terms are provided.
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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