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597 5th Ave, New York, NY, ...

Knotel Leases 6400 Square Feet At 597 5th Ave New York Represented By Avison Young
LEASEDOffice

Knotel Leases 6400 Square Feet At 597 5th Ave New York Represented By Avison Young

597 5th Ave, New York, NY, 10017

Building Size

6,400 SF

Asset Type

Office

Closing

May 23, 2019

AI

The property involved in this transaction is located at 597 5th Ave, New York, NY, 10017. It spans a total of 6,400 square feet and is situated in the New York market.

Summary of transaction details:

This lease transaction involved key representatives from Thor Equities and Avison Young, highlighting the collaborative efforts in facilitating the deal. Adam Lavinsky and Dominic Perkovic represented the landlord, while Arthur Mirante and Aziz Kabbaj played significant roles in brokering the lease agreement.

Players

Robert Chattah

Broker

$227M

vol

10 deals

Broker
Knotel
KnotelBrokerage
Thor Equities
Thor EquitiesLandlord
Knotel
KnotelTenant

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