Project Management Advisors Leases 5000 Sq Ft Office Space At 350 5th Ave, NY
350 5th Ave, New York, NY, 10118
Building Size
5,000 SF
Asset Type
Office
Closing
Aug 26, 2021
About this deal
AI
The leased property located at 350 5th Ave, New York, NY, 10118 is an office asset spanning 5000 square feet. The landlord, represented by Simon Landmann from JLL, leased the space to Project Management Advisors.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Market: New York
- Landlord's Representative: Simon Landmann (JLL)
- Tenant: Project Management Advisors
- Landlord: Empire State Realty Trust
- Square Feet: 5000
The lease transaction was facilitated by Simon Landmann of JLL, representing the landlord Empire State Realty Trust, and the tenant Project Management Advisors.
On the Map
Office
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Players
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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