Chetrit Group Leases 62000 Square Feet At 404 5th Ave New York With Howard Kesseler As Rep
404 5th Ave, New York, NY, 10018
Building Size
62,000 SF
Asset Type
Office
Closing
Mar 29, 2016
AI
The property involved in this transaction is located at 404 5th Ave, New York, NY, 10018, with a total area of 62,000 square feet. The market for this property is New York. The landlord for this lease is the Chetrit Group.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Square Feet: 62000
- Address: 404 5th Ave, New York, NY, 10018
- Market: New York
- Landlord's Representative: Howard Kesseler (Newmark)
- Tenant: Not specified
- Landlord: Chetrit Group
This transaction highlights the role of Howard Kesseler from Newmark as the landlord's representative in the lease agreement. Information regarding the tenant has not been disclosed.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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