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

Wood Mackenzie Leases 10,338 Square Feet At 452 5th Ave New York With PBC USA As Landlord
LEASEDOffice

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:

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

Jonathan Fanuzzi

Newmark

Broker

15 deals

Broker
Eli Elefant

Eli Elefant

Property & Building Corporation (PBC USA)

Landlord

3 deals

Landlord
PU
PBC USALandlord

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