BTS USA Leases 11600 SF Office Space At 350 5th Ave From Empire State Realty Trust
350 5th Ave, New York, NY, 10118
$72
$72/SF
Building Size
11,600 SF
Asset Type
Office
Closing
Jan 15, 2018
About this deal
AI
The property involved in this transaction is located at 350 5th Ave, New York, NY, 10118. It encompasses a total of 11,600 square feet in the New York market. The rent per square foot is set at $72.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 350 5th Ave, New York, NY, 10118
- Market: New York
- Square Feet: 11,600
- Rent/SF: $72
- Landlord: Empire State Realty Trust
- Tenant: BTS USA
- Brokers: David Dusek - Cushman & Wakefield
David Dusek from Cushman & Wakefield represents the interests of both the tenant, BTS USA, and the landlord, Empire State Realty Trust, in this lease transaction.
On the Map
$72
$72/SF
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
220319.44%
Cash-on-Cash
-62967.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93