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522 5th Ave, New York, NY, ...

L&L Holding Company Leases 287000 Square Feet At 522 5th Ave In New York
LEASEDOffice

L&L Holding Company Leases 287000 Square Feet At 522 5th Ave In New York

522 5th Ave, New York, NY, 10036

Building Size

287,000 SF

Asset Type

Office

Closing

May 2, 2022

AI

The lease transaction involves a property located at 522 5th Ave, New York, NY, 10036, encompassing a total of 287,000 square feet. The market for this property is New York.

Summary of transaction details:

The transaction was facilitated by representatives from Savills Studley for the tenant, and L&L Holding Company’s representatives handled the landlord's interests in the deal, ensuring both parties were adequately represented throughout the negotiation process.

Players

David Levinson

Broker

$46.8M

vol

6 deals

Broker
LC
L&L Holding CompanyLandlord

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