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
About this deal
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.
On the Map
$60
$60/SF
Office
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Players
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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