Cyprium Investment Partners Leases 4051 Square Feet From SL Green Realty Corp At 461 5th Ave
461 5th Ave, New York, NY, 10017
Building Size
4,051 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. It has a total square footage of 4,051 and is situated in the New York market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 461 5th Ave, New York, NY, 10017
- Market: New York
- Tenant: Cyprium Investment Partners
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Keith Caggiano (Avison Young)
This transaction reflects the involvement of Cyprium Investment Partners as the tenant and SL Green Realty Corp. as the landlord, with Keith Caggiano from Avison Young representing the tenant during the lease negotiation process.
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