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575 5th Ave, New York, NY, ...

Beacon Capital Partners Leases 71000 Sq Ft Office Space On 5th Ave, New York
LEASEDOffice

Beacon Capital Partners Leases 71000 Sq Ft Office Space On 5th Ave, New York

575 5th Ave, New York, NY, 10017

Building Size

71,000 SF

Asset Type

Office

Closing

Feb 3, 2016

AI

The office property located at 575 5th Ave, New York, NY, 10017, in the bustling market of New York, boasts a total square footage of 71,000. The property serves as an asset under the ownership of Beacon Capital Partners. The lease for this office space was finalized on February 3, 2016. Ross Perlman from Newmark represented the landlord in this transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Landlord: Beacon Capital Partners
  • Square Feet: 71,000
  • Landlord's Representative: Ross Perlman from Newmark

The deal concerning the lease of the office space at 575 5th Ave, New York, was facilitated by Ross Perlman of Newmark, acting as the landlord's representative. Beacon Capital Partners, the property's landlord, played a key role in the transaction, ensuring the successful conclusion of the lease agreement.

Players

Ross Perlman

Newmark

Broker

3 deals

Broker
Beacon Capital Partners
Beacon Capital 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