facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

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

Project Management Advisors Leases 5000 Sq Ft Office Space At 350 5th Ave, NY
LEASEDOffice

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

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.

Players

Simon Landmann

JLL

Broker

11 deals

Broker
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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93