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528 7th Ave, New York, NY, ...

Updated Mar 11, 2025

Savitt Partners Leases Office Space At 528 7th Ave, New York
LEASEDOffice

Savitt Partners Leases Office Space At 528 7th Ave, New York

528 7th Ave, New York, NY, 10018

$65

$65/SF

Building Size

5,500 SF

Asset Type

Office

Closing

Jun 2, 2016

About this deal

AI

The office located at 528 7th Ave, New York, NY, 10018, in New York, with a size of 5500 square feet was leased for a rent of $65 per square foot. The lease was finalized on 06/02/2016. The tenant's representatives in this transaction were Martin Manilla from Pyramid Brokerage Company and Steve Birkhold from Cushman & Wakefield. The landlord for this property is Savitt Partners.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 528 7th Ave, New York, NY, 10018
  • Market: New York
  • Rent/SF: $65
  • Square Feet: 5500
  • Tenant's Rep: Martin Manilla (Pyramid Brokerage Company), Steve Birkhold (Cushman & Wakefield)
  • Landlord: Savitt Partners

In this office lease transaction, Martin Manilla represented Pyramid Brokerage Company, and Steve Birkhold represented Cushman & Wakefield. They successfully facilitated the agreement between the tenant and the landlord, Savitt Partners, for the property at 528 7th Ave in New York. The leasing of 5500 square feet of office space at $65 per square foot was a key aspect of this deal.

Players

Martin Manilla

Pyramid Brokerage Company

Broker

1 deal

Broker
Savitt Partners
Savitt PartnersBrokerage
Savitt Partners
Savitt PartnersLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $65 per square foot on a published $65 for 5,500 square feet (2016).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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