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452 5th Ave, New York, NY, ...

HBK Capital Management Leases Office Space At 452 5th Ave, New York
LEASEDOffice

HBK Capital Management Leases Office Space At 452 5th Ave, New York

452 5th Ave, New York, NY, 10018

Building Size

16,428 SF

Asset Type

Office

Closing

Jan 25, 2023

AI

The office property located at 452 5th Ave, New York, NY, 10018, in the bustling market of New York, spans 16,428 square feet. The lease was finalized on January 25, 2023. The tenants, HBK Capital Management, were represented by Silvio Petriello and Tamika Kramer from CBRE, while the landlord for this transaction was Property & Building Corporation.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant's Rep: Silvio Petriello(CBRE), Tamika Kramer(CBRE)
  • Tenant: HBK Capital Management
  • Landlord: Property & Building Corporation
  • Square Feet: 16,428

The deal's key individuals in this lease agreement were Silvio Petriello and Tamika Kramer from CBRE, representing HBK Capital Management. On the other side, Property & Building Corporation acted as the landlord. The tenant, HBK Capital Management, secured the office space at the aforementioned New York address through the lease managed by these professionals.

Players

Silvio Petriello

CBRE

Broker

13 deals

Broker

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