Peter Hennessy Of Savills Represents Tenant In 125000 Sq Ft Office Lease In New York
162 5th Ave, New York, NY, 10010
Building Size
125,000 SF
Asset Type
Office
Closing
May 9, 2016
AI
The office property located at 162 5th Ave, New York, NY, 10010, in the market of New York, encompasses a total of 125,000 square feet. The lease transaction for this asset was finalized on 05/09/2016. The tenant's representative in this deal was Peter Hennessy from Savills, while the landlord involved was ABS Partners Real Estate.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Available
- Tenant's Rep: Peter Hennessy (Savills)
- Landlord: ABS Partners Real Estate
- Address: 162 5th Ave, New York, NY, 10010
- Market: New York
- Square Feet: 125,000
The lease agreement for this office property was brokered by Peter Hennessy from Savills, representing the tenant in the transaction. ABS Partners Real Estate, the landlord in this deal, facilitated the lease of the 125,000 square feet space located at 162 5th Ave, New York, NY, 10010. Notable negotiation skills were demonstrated by both parties to solidify this lease agreement.
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