LEASEDOffice
Vanguard Construction & Development Co. Leases 15150 Square Feet From Yahoo At 350 5th Ave New York
350 5th Ave, New York, NY, 10118
Building Size
15,150 SF
Asset Type
Office
Closing
Aug 31, 2017
AI
The property involved in this transaction is located at 350 5th Ave, New York, NY, 10118. The transaction pertains to a lease of 15,150 square feet, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Vanguard Construction & Development Co.
- Tenant's Representative: Howard Rosenblum
- Landlord: Yahoo
This deal highlights the collaborative efforts between Vanguard Construction & Development Co. and Yahoo, with Howard Rosenblum representing the tenant in the transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93