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

Haymes Investment Company Leases 10084 SF At 5 Penn Plaza New York To Tenant Represented By James Seo And John Dolan
LEASEDOffice

Haymes Investment Company Leases 10084 SF At 5 Penn Plaza New York To Tenant Represented By James Seo And John Dolan

5 Penn PLZ, New York, NY, 10001

$65

$65/SF

Building Size

10,084 SF

Asset Type

Office

Closing

Jun 6, 2016

AI

The property involved in this transaction is located at 5 Penn PLZ, New York, NY, 10001. It is situated in the New York market and consists of a total of 10,084 square feet. The rental rate for this space is set at $65 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 5 Penn PLZ, New York, NY, 10001
  • Market: New York
  • Square Feet: 10,084
  • Rent/SF: $65
  • Landlord: Haymes Investment Company
  • Tenant's Representatives: James Seo - Hanley Advisors, John Dolan - Avison Young

In this transaction, Haymes Investment Company serves as the landlord, while James Seo from Hanley Advisors and John Dolan from Avison Young act as the tenant's representatives, facilitating the lease agreement.

Players

John Dolan

Avison Young

Broker

2 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93