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

RaySearch Leases 12800 Square Feet At 350 5th Ave New York From Empire State Realty Trust
LEASEDOffice

RaySearch Leases 12800 Square Feet At 350 5th Ave New York From Empire State Realty Trust

350 5th Ave, New York, NY, 10118

$72

$72/SF

Building Size

12,800 SF

Asset Type

Office

Closing

Jan 15, 2018

AI

The property involved in this lease transaction is located at 350 5th Ave, New York, NY, 10118. It encompasses a total of 12,800 square feet within the New York market. The rent per square foot has been set at 72 dollars.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: 921,600
  • Address: 350 5th Ave, New York, NY, 10118
  • Market: New York
  • Tenant: RaySearch
  • Tenant's Representative: Daniel Schwartz (Winslow & Company)
  • Landlord: Empire State Realty Trust

Key individuals involved in this lease transaction include Daniel Schwartz representing RaySearch, while the landlord for the transaction is Empire State Realty Trust. This role highlights the representation of the tenant's interests in the deal.

Players

Daniel Schwartz

Broker

1 deal

Broker
WC
Winslow & CompanyBrokerage

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

220319.44%

Cash-on-Cash

-62967.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93