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565 5th Avenue

Updated Mar 27, 2025

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

About this deal

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.

On the Map

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Office

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Players

Brett Harvey

Newmark

Broker

$270M

vol

28 deals

Broker
Stawski Partners
Stawski PartnersLandlord

Marc D. Taub

Tenant

$65M

vol

2 deals

Tenant
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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

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