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
About this deal
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.
On the Map
Office
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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