ATCO Properties & Management Leases 12500 SF At 555 5th Ave New York For $64/SF
555 5th Ave, New York, NY, 10017
$64
$64/SF
Building Size
12,500 SF
Asset Type
Office
Closing
Jun 18, 2018
About this deal
AI
The property asset involved in this transaction is located at 555 5th Ave, New York, NY, 10017. This lease covers a total of 12,500 square feet in the New York market, with a rent of $64 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 555 5th Ave, New York, NY, 10017
- Market: New York
- Landlord: ATCO Properties & Management
- Landlord's Representative: Jerry Suchman & John Walker - ATCO Properties & Management
- Rent/SF: $64
- Square Feet: 12,500
This lease transaction was represented by Jerry Suchman and John Walker, acting on behalf of the landlord, ATCO Properties & Management. Their involvement highlights the key personnel facilitating this leasing arrangement.
On the Map
$64
$64/SF
Office
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Players
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Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
247859.38%
Cash-on-Cash
-70838.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93