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530 5th Ave, New York, NY, ...

The Beekman Group Leases Office Space At 530 5th Ave, NY, From RXR Realty
LEASEDOffice

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

Nicholas Farmakis

Savills

Broker

8 deals

Broker
RXR Realty
RXR RealtyLandlord

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