Peter Gross Of Avison Young Facilitates Office Lease At 5 Union Square W, New York
5 Union Square W, New York, NY, 10003
Building Size
20,500 SF
Asset Type
Office
Closing
Nov 8, 2022
AI
The property asset is located at 5 Union Square W, New York, NY, 10003, within the New York market. This lease comprises a total square footage of 20,500 and is classified as an office asset.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5 Union Square W, New York, NY, 10003
- Square Feet: 20,500
- Tenant's Representative: Peter Gross-Avison Young
- Landlord: GFP Real Estate
- Landlord's Representative: Matthew Colavita
This transaction involved key representatives including Peter Gross from Avison Young, who represented the tenant, and Matthew Colavita, representing the landlord, GFP Real Estate. Their roles were critical in facilitating the lease agreement for the office space in question.
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