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5 Little W 12th St, New Yor...

Red Bull Signs Lease For 17585 Square Feet At 5 Little W 12th St New York
LEASEDOffice

Red Bull Signs Lease For 17585 Square Feet At 5 Little W 12th St New York

5 Little W 12th St, New York, NY, 10014

Building Size

17,585 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

Red Bull has signed a lease for office space measuring 17,585 square feet located at 5 Little West 12th St, New York, NY, 10014. This property is situated in the New York market, specifically in Manhattan’s Meatpacking District. The tenant is relocating from 218 West 18th Street to occupy the space within the 82,000-square-foot building in the third quarter.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 17,585
  • Address: 5 Little West 12th St, New York, NY, 10014
  • Market: New York
  • Landlord: EPIC
  • Tenant: Red Bull
  • Landlord's Rep: Daniel Levine (Newmark)

Representing the landlord in the lease negotiations were David Falk, Daniel Levine, and Jason Greenstein from Newmark. On the tenant's side, the representation was handled by David Mainthow from Cushman & Wakefield.

Players

RB
Red BullTenant

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