facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

489 5th Avenue

Talon America Leases 5,838 SF Office Space At 489 5th Avenue In Murray Hill, Manhattan
LEASEDOffice

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

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.

Players

Steven Marvin

Olmstead Properties

Broker

9 deals

Broker
KE
Kalimian EquitiesLandlord

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

233279.41%

Cash-on-Cash

-66671.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93