Slice Leases Office Space At 349 5th Avenue In New York City With Landlord Zar Property NY And Tenant's Rep Colliers International
349 5th Avenue
$52
$52/SF
Building Size
8,000 SF
Asset Type
Office
Closing
Mar 1, 2023
AI
The office space located at 349 5th Avenue in New York City has been leased. The tenant, Slice, will be occupying the premises. The lease deal was facilitated by the landlord's representative, David Zar and Julian Zar from Zar Property NY, and the tenant's representative, Michael Joseph, Jessica Verdi, Aidan Campbell, and Michael Cohen from Colliers International. The asking rent for the 8,000 square feet space was $52 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 349 5th Avenue, New York City
- Market: New York City
- Landlord: Zar Property NY
- Tenant: Slice
- Landlord's Representative(s): David Zar and Julian Zar from Zar Property NY
- Tenant's Representative(s): Michael Joseph, Jessica Verdi, Aidan Campbell, and Michael Cohen from Colliers International
- Asking Rent: $52 per square foot
- Square Footage: 8,000
The lease transaction at 349 5th Avenue involved the parties mentioned above. Both the landlord and the tenant were represented by their respective agents. The deal demonstrates the demand for office spaces in New York City's market.
Players
Market 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
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93