Brighton Park Capital Management Leases Office Space At 452 5th Avenue
452 5th Avenue
Building Size
16,428 SF
Asset Type
Office
Closing
Jun 18, 2024
About this deal
AI
The office space located at 452 Fifth Ave in Midtown Manhattan has been leased by Brighton Park Capital Management for a full-floor space of 16,428 square feet on the 21st floor of 10 Bryant. The lease term for this transaction is 10 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Brighton Park Capital Management
- Landlord's Rep: Benjamin Bass, Kate Roush, Kristen Morgan, & Paul Glickman - JLL
- Tenant's Rep: Josh Friedman & Neil Goldmacher - Newmark
The deal was facilitated by Benjamin Bass, Kate Roush, Kristen Morgan, and Paul Glickman from JLL representing the landlord, while Josh Friedman and Neil Goldmacher from Newmark acted as the tenant's representatives in this lease agreement.
On the Map
Office
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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