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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 522 5th Ave, New York, NY, 10036
- Square Feet: 287,000
- Tenant: Not specified
- Landlord: L&L Holding Company
- Tenant's Rep: Matthew Barlow-Savills Studley, Greg Taubin-Savills Studley
- Landlord's Rep: David Berkey-L&L Holding Company, David Levinson
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.
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