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
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