GFP Real Estate Leases Space To All For You Products Corp At 230 5th Ave New York
230 5th Ave, New York, NY, 10001
Building Size
1,080 SF
Asset Type
Office
Closing
Aug 26, 2022
About this deal
AI
The property, located at 230 5th Ave, New York, NY, 10001, is a 20-story, 465,000-square-foot Beaux Arts-style office building in the Flatiron District. This specialty showroom building serves as the New York hub of the Home Textiles Industry, housing over 140 luxury home fashion accessories companies.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 230 5th Ave, New York, NY, 10001
- Landlord: GFP Real Estate
- Tenant: All For You Products Corp
- Landlord's Representative: Harvey Richer
- Square Feet: 1,080
Jane Gural-Senders, principal of GFP Real Estate, represented the landlord in multiple transactions including the lease to All For You Products Corp. Harvey Richer also played a role by representing both the tenant and the landlord in this direct lease. All For You Products Corp. specializes in wholesale houseware, with a wide range of products that encompass glassware, bedding, kitchenware, bath ware, and storage solutions.
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