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
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