Talon America Leases 5,838 SF Office Space At 489 5th Avenue In Murray Hill, Manhattan
489 5th Avenue
$68
$68/SF
Building Size
5,838 SF
Asset Type
Office
Closing
Dec 12, 2023
About this deal
AI
Talon America has signed a five-year lease for a larger space in Midtown Manhattan. The lease is for 5,838 square feet at 489 Fifth Avenue.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 489 5th Avenue
- Market: Murray Hill, Manhattan
The landlord, Morry Kalimian of Kalimian Equities, has reached an agreement with Talon America for the lease. The tenant's representative, Jason Birk and Steven Marvin from Olmstead Properties, negotiated the deal on behalf of Talon America. The landlord was represented by Erik Harris and Zach Weil from Newmark.
On the Map
$68
$68/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93