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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Belluck & Fox
- Tenant's Rep: Peter Gross(Avison Young)
- Landlord: JSRE Acquisitions
- Landlord's Rep: Neil V. King III(CBRE), Reeves Henritze(CBRE)
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.
On the Map
Office
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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