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200 5th Avenue

Updated Dec 4, 2024

DoorDash Secures 115,382 SF Office Lease At 200 Fifth Avenue In Manhattan
LEASEDOffice

DoorDash Secures 115,382 SF Office Lease At 200 Fifth Avenue In Manhattan

200 5th Avenue

$81

$81/SF

Building Size

115,382 SF

Asset Type

Office

Closing

Jan 5, 2024

About this deal

AI

Hilary Spann of Boston Properties has leased out 115,382 square feet of office space at 200 Fifth Avenue in Manhattan to DoorDash, doubling the food delivery company's footprint in the Midtown South location. The lease term spans 11-and-a-half years. The eighth and ninth floors of the building will house DoorDash's expanded office.

Summary of transaction details

The 11-and-a-half year lease agreement for 115,382 square feet of office space at 200 Fifth Avenue has been facilitated by brokers Adam Ardise, Anthony LoPresti, Bianca DiMauro, Bruce Mosler, Ethan Silverstein, and Greg Pickett of Cushman & Wakefield.

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$81

$81/SF

Office

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Players

Anthony LoPresti

Cushman & Wakefield

Broker

12 deals

Broker
Boston Properties
Boston PropertiesLandlord
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New York Office Market Snapshot

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Deal FAQ

About $81 per square foot on a published $81 for 115,382 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

195839.51%

Cash-on-Cash

-55971.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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