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
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.
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