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500 5th Ave, New York, NY, ...

Schlesinger Associates Leases 17587 Square Feet At 500 5th Ave New York From SL Green Realty
LEASEDOffice

Schlesinger Associates Leases 17587 Square Feet At 500 5th Ave New York From SL Green Realty

500 5th Ave, New York, NY, 10110

Building Size

17,587 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 500 5th Ave, New York, NY, 10110. This leased space comprises a total area of 17,587 square feet situated within the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 500 5th Ave, New York, NY, 10110
  • Square Feet: 17,587
  • Landlord: SL Green Realty
  • Tenant: Schlesinger Associates
  • Landlord's Representatives: Gary Rosenberg-Rosenberg Realty, Gary M. Rosen-SL Green Realty Corp., Howard Tenenbaum-SL Green

This transaction involves key individuals and entities, with SL Green Realty serving as the landlord. Schlesinger Associates occupies the leased space, while the landlord is represented by Gary Rosenberg from Rosenberg Realty, alongside Gary M. Rosen and Howard Tenenbaum, both from SL Green Realty Corp.

Players

Gary M. Rosen

SL Green

Broker

7 deals

Broker
CBRE
CBREBrokerage
SL Green
SL GreenLandlord

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