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565 5th Ave, New York, NY, ...

Kookmin Bank Leases 9280 Square Feet At 565 5th Ave New York With Michael Burgio As Representative
LEASEDOffice

Kookmin Bank Leases 9280 Square Feet At 565 5th Ave New York With Michael Burgio As Representative

565 5th Ave, New York, NY, 10017

Building Size

9,280 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 565 5th Ave, New York, NY, 10017. It consists of a total square footage of 9,280 square feet. The market for this property is New York.

Summary of transaction details:

This lease transaction involves Kookmin Bank as the tenant, represented by Michael Burgio from Cushman & Wakefield. The landlord, Stawski Partners, is represented by Derrick Ades and Edward Goldman from CBRE, facilitating the deal.

Players

Michael Burgio

Cushman & Wakefield

Broker

8 deals

Broker
Stawski Partners
Stawski PartnersLandlord

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