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
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