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5 Pennsylvania Plaza

NY E-Health Collaborative Leases 15000 Square Feet Office Space At 5 Pennsylvania Plaza In New York City
LEASEDOffice

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:

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

Mitchell Konsker

JLL

Broker

$542M

vol

48 deals

Broker

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