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546 5th Ave, New York, NY, ...

Belluck & Fox Leases Office Space At 546 5th Ave, New York
LEASEDOffice

Belluck & Fox Leases Office Space At 546 5th Ave, New York

546 5th Ave, New York, NY, 10036

Building Size

11,797 SF

Asset Type

Office

Closing

Jul 10, 2018

AI

The property at 546 5th Ave, New York, NY, 10036, is an office space spanning 11,797 square feet. This property was part of a lease transaction dated July 10, 2018, in the New York market. The tenant, Belluck & Fox, was represented by Peter Gross of Avison Young, while the landlord, JSRE Acquisitions, was represented by Neil V. King III and Reeves Henritze of CBRE.

Summary of transation details:

The collaboration between Peter Gross of Avison Young and Neil V. King III along with Reeves Henritze of CBRE played a pivotal role in facilitating the lease of this office space. The deal was successfully closed, benefitting both the tenant, Belluck & Fox, and the landlord, JSRE Acquisitions.

Players

Peter Gross

Avison Young

Broker

5 deals

Broker
JA
JSRE AcquisitionsLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93