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5 Penn PLZ, New York, NY, 1...

Gwynnie Bee Leases 28,977 Square Feet At 5 Penn Plz New York Represented By Newmark Grubb Knight Frank
LEASEDOffice

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

Christie Bennet

CBRE

Broker

7 deals

Broker
HC
Haymes Investment CompanyLandlord

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