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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Kookmin Bank
- Landlord: Stawski Partners
- Tenant's Representative: Michael Burgio - Cushman & Wakefield
- Landlord's Representatives: Derrick Ades, Edward Goldman - CBRE
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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