facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

565 5th Avenue

Palm Bay International Leases Office Space From Stawski Partners At 565 5th Avenue In NYC
LEASEDOffice

Palm Bay International Leases Office Space From Stawski Partners At 565 5th Avenue In NYC

565 5th Avenue

Building Size

11,419 SF

Asset Type

Office

Closing

Mar 27, 2025

AI

The property involved in this transaction is an office space located at 565 5th Avenue, New York City. The total area of the asset is 11,419 square feet, with Palm Bay International as the tenant and Stawski Partners as the landlord.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 565 5th Avenue
  • Market: New York City
  • Square Feet: 11,419
  • Tenant: Palm Bay International
  • Landlord: Stawski Partners
  • Tenant's Representative: Brett Harvey (Newmark)
  • Landlord's Representatives: Derrick Ades (CBRE), Edward Goldman (CBRE), Jared London (CBRE)

This lease transaction involved the negotiation and finalization of terms between the representatives of both parties. Brett Harvey of Newmark represented the tenant, Palm Bay International, while the landlord, Stawski Partners, was represented by a team from CBRE, including Derrick Ades, Edward Goldman, and Jared London.

Players

Brett Harvey

Newmark

Broker

$270M

vol

28 deals

Broker
Stawski Partners
Stawski PartnersLandlord

Brooklyn 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