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525 7th Avenue, New York Ci...

Reflex Resources Leases Office Space At 525 Seventh Avenue In Times Square South
LEASEDOffice

Reflex Resources Leases Office Space At 525 Seventh Avenue In Times Square South

525 7th Avenue, New York City, New York 10018, United States

Building Size

16,542 SF

Asset Type

Office

Closing

May 11, 2022

AI

The office property located at 525 Seventh Avenue in Times Square South has recently been leased. The lease transaction took place on 05/12/2022.

Summary of transaction details:

The lease of the office property at 525 Seventh Avenue was facilitated by the brokers involved in the transaction. Daniel Lolai represented the tenant, Reflex Resources, and Sam Friedfeld and Steve Marvin represented the landlord, Olmstead Properties.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
Olmstead Properties
Olmstead PropertiesLandlord

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