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579 5th Ave, New York, NY, ...

Hubb NYC Properties Leases 11665 Square Feet At 579 5th Ave From Stawski Partners
LEASEDOffice

Hubb NYC Properties Leases 11665 Square Feet At 579 5th Ave From Stawski Partners

579 5th Ave, New York, NY, 10017

$60

$60/SF

Building Size

11,665 SF

Asset Type

Office

Closing

Aug 17, 2016

AI

The property involved in this transaction is located at 579 5th Ave, New York, NY, 10017. The lease was executed in the New York market with a rental rate of $60 per square foot. The total square footage of the property is 11,665 square feet, providing a significant space for operational needs.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 579 5th Ave, New York, NY, 10017
  • Market: New York
  • Tenant: Hubb NYC Properties
  • Landlord: Stawski Partners
  • Rent/SF: $60
  • Square Feet: 11,665
  • Tenant's Representatives: Joseph Fabrizi, Michael Affronti (CBRE)

The key players in this deal include tenant representatives Joseph Fabrizi and Michael Affronti from CBRE, who facilitated the transaction for Hubb NYC Properties. Stawski Partners acted as the landlord, involved in leasing out the property to the tenant.

Players

Joseph Fabrizi

CBRE

Broker

2 deals

Broker
Stawski Partners
Stawski PartnersLandlord
HUBB NYC
HUBB NYCTenant

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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93