The Beekman Group Leases Office Space At 530 5th Ave, NY, From RXR Realty
530 5th Ave, New York, NY, 10036
$85
$85/SF
Building Size
7,803 SF
Asset Type
Office
Closing
Dec 1, 2017
AI
The office property located at 530 5th Ave, New York, NY, 10036 in the New York market has been leased. The landlord, RXR Realty, represented by Michael Leff from Savills, leased the 7803 square feet office space to The Beekman Group. The agreed rent for this transaction is $85 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord's Representative: Michael Leff (Savills)
- Tenant: The Beekman Group
- Brokers: Nicholas (Nick) Farmakis (Savills), Michael Leff (Savills)
Nicholas (Nick) Farmakis from Savills and Michael Leff from Savills were the brokers involved in facilitating this lease deal, with Nicholas representing the tenant, The Beekman Group. Notable individuals in this transaction are Michael Leff as the landlord's representative and the brokers Nicholas (Nick) Farmakis and Michael Leff representing the landlord. The lease was finalized on December 1, 2017.
Players
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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93