Cypress Creek Renewables Leases 9,527 Sq. Ft. Office Space At 530 Fifth Avenue, Manhattan
530 5th Avenue
Building Size
9,527 SF
Asset Type
Office
Closing
Dec 19, 2025
About this deal
AI
The property involved in this transaction is an office space located at 530 5th Avenue in Manhattan. It encompasses a total square footage of 9,527, providing a significant area for business operations.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 530 5th Avenue
- Market: Manhattan
- Landlord: Sagehall & RXR Realty
- Tenant: Cypress Creek Renewables
- Square Footage: 9,527
- Floor: 17th
The transaction was facilitated by brokers David Stockel, Paul Amrich, Neil King, Meghan Allen, and Brooke Dewing from CBRE. Cypress Creek Renewables is tripling its presence in New York City by relocating from another location at 275 Madison Avenue.
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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