Gwynnie Bee Leases 28,977 Square Feet At 5 Penn Plz New York Represented By Newmark Grubb Knight Frank
5 Penn PLZ, New York, NY, 10001
$70
$70/SF
Building Size
28,977 SF
Asset Type
Office
Closing
Sep 6, 2018
AI
The property involved in this lease transaction is located at 5 Penn Plaza, New York, NY 10001. It occupies a space of 28,977 square feet and is situated in the New York market. The rent per square foot for this lease is $70.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: N/A
- Address: 5 Penn Plaza, New York, NY, 10001
- Market: New York
- Tenant: Gwynnie Bee
- Landlord: Haymes Investment Company
- Tenant's Representative: Christie Bennet (Newmark Grubb Knight Frank)
- Landlord's Representative: David Caperna (Brookfield)
- Rent/SF: $70
- Square Feet: 28,977
This lease transaction features Gwynnie Bee as the tenant, who will be occupying the space managed by Haymes Investment Company as the landlord. Christie Bennet from Newmark Grubb Knight Frank acted as the representative for the tenant, while David Caperna from Brookfield represented the landlord in this deal.
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93