TIAA-CREF Leases 3000 Square Feet To Tenant Represented By Mary Ann Tighe And Evan Fiddle In New York
475 5th Ave, New York, NY, 10017
Building Size
3,000 SF
Asset Type
Office
Closing
Apr 4, 2016
About this deal
AI
The property asset involved in this lease transaction is located at 475 5th Ave, New York, NY, 10017. This property encompasses a total area of 3000 square feet and is situated in the New York market. The landlord for this transaction is TIAA-CREF.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 475 5th Ave, New York, NY, 10017
- Market: New York
- Square Feet: 3000
- Landlord: TIAA-CREF
- Tenant's Representatives: Mary Ann Tighe-CBRE, Evan Fiddle-CBRE
The deal involves Mary Ann Tighe and Evan Fiddle representing the tenant during this lease arrangement. They are both affiliated with CBRE, which indicates their expertise in handling such transactions in the New York market.
Players
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