NY E-Health Collaborative Leases 15000 Square Feet Office Space At 5 Pennsylvania Plaza In New York City
5 Pennsylvania Plaza
Building Size
15,000 SF
Asset Type
Office
Closing
Mar 18, 2025
AI
The asset involved in this transaction is an office lease located at 5 Pennsylvania Plaza in New York City. The leased space comprises 15,000 square feet, indicating its capacity to accommodate significant business operations.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5 Pennsylvania Plaza
- Market: New York City
- Square Feet: 15,000.0
- Tenant: NY E-Health Collaborative
- Tenant's Representative: Joe Speck (Colliers), Reid Longley (Colliers)
- Landlord's Representatives: Mitchell Konsker (JLL), Christine Colley (JLL), Kristen Morgan (JLL), Gregory (Greg) Wang (JLL), Kate Roush (JLL), Daniel (Dan) Turkewitz (JLL)
The key individuals involved in the transaction include representatives from both sides. The tenant, NY E-Health Collaborative, was represented by Joe Speck and Reid Longley from Colliers. The landlord's interest was represented by a team from JLL, consisting of Mitchell Konsker, Christine Colley, Kristen Morgan, Gregory (Greg) Wang, Kate Roush, and Daniel (Dan) Turkewitz.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93