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555 5th Ave, New York, NY, ...

ATCO Properties & Management Leases 12500 SF At 555 5th Ave New York For $64/SF
LEASEDOffice

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

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:

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.

Players

Jerry Suchman

ATCO Properties & Management

Broker

1 deal

Broker
ATCO Properties & Management
ATCO Properties & ManagementLandlord

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

247859.38%

Cash-on-Cash

-70838.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93