facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

350 5th Ave, New York, NY, ...

LinkedIn Leases Office Space At 350 5th Ave, NYC From Empire State Realty Trust
LEASEDOffice

LinkedIn Leases Office Space At 350 5th Ave, NYC From Empire State Realty Trust

350 5th Ave, New York, NY, 10118

$72

$72/SF

Building Size

30,165 SF

Asset Type

Office

Closing

Jul 5, 2018

AI

The office property located at 350 5th Ave, New York, NY, 10118, in the bustling market of New York, spans a total of 30,165 square feet. The lease agreement was finalized on 07/05/2018, with LinkedIn securing the space at a rate of $72 per square foot. The property is owned by Empire State Realty Trust.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: LinkedIn
  • Tenant's Representative: Lauren Crowley Corrinet(CBRE), Sacha Zarba(CBRE)
  • Landlord: Empire State Realty Trust
  • Rent/SF: $72
  • Square Feet: 30,165

The deal was facilitated with Lauren Crowley Corrinet and Sacha Zarba from CBRE representing LinkedIn in the lease agreement with Empire State Realty Trust. The collaboration between the tenant's representatives and the landlord highlights a successful negotiation process for the office space.

Players

Sacha Zarba

CBRE

Broker

30 deals

Broker
Empire State Realty Trust
Empire State Realty TrustBrokerage
Empire State Realty Trust
Empire State Realty TrustLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

220319.44%

Cash-on-Cash

-62967.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93