Agoda Leases 27000 Square Feet From Empire State Realty Trust At 350 5th Ave New York
350 5th Ave, New York, NY, 10118
Building Size
27,000 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 350 5th Ave, New York, NY, 10118. It encompasses a total area of 27,000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 350 5th Ave, New York, NY, 10118
- Market: New York
- Square Feet: 27,000
- Tenant: Agoda
- Landlord: Empire State Realty Trust
- Broker: Deborah Van Der Heyden - Cushman & Wakefield
Key individuals involved in this lease transaction include the tenant Agoda and the landlord Empire State Realty Trust, with representation by Deborah Van Der Heyden of Cushman & Wakefield. Each party played a significant role in facilitating this deal.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93