Feil Organization Leases Office Space To Maytex Mills At 261 Fifth Avenue In Midtown South, NYC
261 5th Ave, New York, NY 10016
$80
$80/SF
Building Size
24,553 SF
Asset Type
Office
Closing
Nov 17, 2022
About this deal
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.
On the Map
$80
$80/SF
Office
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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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93