Timberlake Studios Leases 5,000 SF Office Space In Garment District From Global Holdings Management Group
545 Eighth Avenue New York, New York 10018, USA
Building Size
5,000 SF
Asset Type
Office
Closing
Jun 13, 2023
About this deal
AI
Timberlake Studios has become the tenant of a 5,000-square-foot office space located at 545 Eighth Avenue in the Garment District. The landlord of the property is Global Holdings Management Group, headed by Alexander Radmin.
Summary of transaction details
- Property Type: Office
- Square Footage: 5,000
- Address: 545 Eighth Avenue
- Market: Garment District
- Landlord: Global Holdings Management Group - Alexander Radmin
- Tenant: Timberlake Studios
Global Holdings Management Group, led by Alexander Radmin, is the landlord of the 5,000-square-foot office space located at 545 Eighth Avenue in the Garment District. Timberlake Studios has become the tenant of this office space.
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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