Everest Reinsurance Holdings Leases 11232 Square Feet At 461 5th Ave New York From SL Green Realty Corp
461 5th Ave, New York, NY, 10017
Building Size
11,232 SF
Asset Type
Office
Closing
Feb 21, 2018
AI
The property involved in this lease transaction is located at 461 5th Ave, New York, NY, 10017. This asset is situated in the New York market and encompasses a total area of 11,232 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: Everest Reinsurance Holdings
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Eric Deutsch-CBRE
This transaction reflects a partnership between the tenant and landlord, with SL Green Realty Corp. leasing the property to Everest Reinsurance Holdings. Eric Deutsch from CBRE represented the interests of the tenant in this deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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