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
Brooklyn 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