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
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