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500 5th Avenue

Levi & Korinsky Leases Office Space At 500 5th Avenue With Landlord American Society Of Yad Vashem
LEASEDOffice

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

Christopher Okada

Okada & Company

Broker

$352.8M

vol

85 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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93