TIAA-CREF Leases 15400 Square Feet To Tenant Represented By Jason Roberts At 475 5th Ave
475 5th Ave, New York, NY, 10017
$84
$84/SF
Building Size
15,400 SF
Asset Type
Office
Closing
Jul 25, 2016
AI
The property asset involved in this transaction is located at 475 5th Ave, New York, NY, 10017, within the New York market. The lease agreement encompasses a space of 15,400 square feet with a rental rate of $84 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 475 5th Ave, New York, NY, 10017
- Market: New York
- Tenant's Representative: Jason Roberts - JLL
- Landlord: TIAA-CREF
- Rent/SF: $84
- Square Feet: 15,400
This transaction was facilitated by Jason Roberts of JLL, who represented the tenant in the leasing agreement. The landlord involved in this deal is TIAA-CREF, overseeing the terms of the property lease.
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
188845.24%
Cash-on-Cash
-53972.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93