Little Italy Leases 1046 SF Office Space At 437 5th Ave, New York
437 5th Ave, New York, NY, 10016
Building Size
1,046 SF
Asset Type
Office
Closing
Aug 22, 2022
About this deal
AI
The property asset involved in this transaction is an office space located at 437 5th Ave, New York, NY, 10016. The total square footage of the asset is 1,046 square feet, situated within the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Tenant: Little Italy
- Landlord: Joseph P. Day Realty Corp
- Tenant's Representatives: Michael Cohen-Newmark, Ross Berkowitz-Newmark
- Landlord's Representative: Rick Brickell
- Lease Date: 08/22/2022
This transaction highlights the representatives involved, specifically Michael Cohen and Ross Berkowitz, who represented Little Italy, while Rick Brickell acted on behalf of the landlord, Joseph P. Day Realty Corp. The collaboration of these professionals facilitated the leasing agreement for the office space.
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