Desigual Leases 5200 Square Feet At 605 5th Ave New York With Jason Greenstone As Tenant's Rep
605 5th Ave, New York, NY, 10017
Building Size
5,200 SF
Asset Type
Office
Closing
Jan 22, 2020
AI
The lease involves a property located at 605 5th Ave, New York, NY, 10017. This asset occupies a total of 5,200 square feet situated in the New York market, with Optimum Properties acting as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not applicable
- Square Feet: 5200
- Address: 605 5th Ave, New York, NY, 10017
- Market: New York
- Tenant: Desigual
- Landlord: Optimum Properties
- Tenant's Representative: Jason Greenstone - Cushman & Wakefield
This transaction highlights the roles of key representatives, with Jason Greenstone from Cushman & Wakefield representing the tenant, Desigual, in the leasing arrangement, facilitated with the landlord, Optimum Properties.
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