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261 5th Avenue, New York Ci...

Feil Organization Leases Office Space To Maytex Mills At 261 Fifth Avenue In Midtown South, NYC
LEASEDOffice

Feil Organization Leases Office Space To Maytex Mills At 261 Fifth Avenue In Midtown South, NYC

261 5th Avenue, New York City, New York 10011, United States

$80

$80/SF

Building Size

24,553 SF

Asset Type

Office

Closing

Nov 17, 2022

AI

The property asset involved in this transaction is located at 261 Fifth Avenue in Midtown South. This office lease has a total square footage of 24,553 and an asking rent of $80 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $80/ft.
  • Address: 261 Fifth Avenue
  • Market: Midtown South
  • Landlord: Feil Organization
  • Tenant: Maytex Mills
  • Brokers: Evan Margolin - JLL, Zev Holzman - Savills

The deal features Evan Margolin representing JLL and Zev Holzman representing Savills, highlighting the involvement of prominent brokerage firms in the leasing process.

Players

Evan Margolin

JLL

Broker

10 deals

Broker
The Feil Organization
The Feil OrganizationBrokerage
The Feil Organization
The Feil OrganizationLandlord

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93