Levi & Korinsky Leases Office Space At 500 5th Avenue With Landlord American Society Of Yad Vashem
500 5th Avenue
$70
$70/SF
Building Size
6,800 SF
Asset Type
Office
Closing
Mar 17, 2026
AI
The property asset involved in this lease transaction is located at 500 5th Avenue in Midtown Manhattan. The asset is an office space comprising 6,800 square feet with an asking rent of $70 per square foot. The lease type is classified as Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70/ft
- Address: 500 5th Avenue
- Market: Midtown Manhattan
- Landlord: American Society of Yad Vashem
- Tenant: Levi & Korinsky
- Landlord's Representative: Thomas Capuano, Xavier Newton & Christopher Okada - Okada & Company
- Square Footage: 6,800
This transaction includes key individuals representing the landlord, namely Thomas Capuano, Xavier Newton, and Christopher Okada, who are all part of Okada & Company. Their involvement indicates a structured representation in facilitating the lease agreement with the tenant, Levi & Korinsky.
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93