Wood Mackenzie Leases 10,338 Square Feet At 452 5th Ave New York With PBC USA As Landlord
452 5th Ave, New York, NY, 10018
Building Size
10,338 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 452 5th Ave, New York, NY, 10018. It is in the New York market and consists of a total area of 10,338 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 452 5th Ave, New York, NY, 10018
- Market: New York
- Tenant: Wood Mackenzie
- Landlord: Eli Elefant (PBC USA)
- Tenant's Representative: Gabe Marans (Savills Studley)
- Landlord's Representatives: Alicia Popper (PBC USA), Jonathan Fanuzzi (Newmark)
The transaction features representation from Gabe Marans, who facilitated the deal on behalf of the tenant, Wood Mackenzie. The landlord, PBC USA, was represented by a team including Alicia Popper, Eli Elefant, and Jonathan Fanuzzi, providing a solid negotiating presence during the transaction.
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