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330 5th Ave, New York, NY, ...

Kassatex Leases 11670 Square Feet At 330 5th Ave New York From Shulsky Properties
LEASEDOffice

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

Gregory Albert

Savills

Broker

3 deals

Broker
SP
Shulsky PropertiesLandlord

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