Kassatex Leases 11670 Square Feet At 330 5th Ave New York From Shulsky Properties
330 5th Ave, New York, NY, 10001
Building Size
11,670 SF
Asset Type
Office
Closing
Nov 7, 2019
AI
The property involved in this lease transaction is located at 330 5th Ave, New York, NY, 10001. It encompasses a total usable space of 11,670 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Kassatex
- Landlord: Shulsky Properties
- Tenant's Representatives: Gregory (Greg) Albert, Jarod Stern (Savills, Savills Studley)
The lease transaction reflects the collaboration between Kassatex, represented by Gregory (Greg) Albert and Jarod Stern from Savills, and Shulsky Properties, the landlord in this agreement.
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