Bandier Leases 8600 Square Feet At 164 5th Ave New York From Thor Equities
164 5th Ave, New York, NY, 10010
Building Size
8,600 SF
Asset Type
Office
Closing
Oct 21, 2015
AI
The property involved in this transaction is located at 164 5th Ave, New York, NY, 10010. It is a lease agreement covering a total area of 8,600 square feet. The market is New York, and the transaction features Bandier as the tenant, with Thor Equities serving as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 164 5th Ave, New York, NY, 10010
- Tenant: Bandier
- Landlord: Thor Equities
- Square Feet: 8,600
- Tenant's Representative: John Broderick-Colliers International
John Broderick of Colliers International represented Bandier in this lease transaction, while Thor Equities represented itself in-house.
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