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461 5th Ave, New York, NY, ...

Cyprium Investment Partners Leases 4051 Square Feet From SL Green Realty Corp At 461 5th Ave
LEASEDOffice

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

Roshan Shah

Avison Young

Broker

$10.1M

vol

6 deals

Broker
SL Green
SL GreenLandlord

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