JB International Leases Office Space At 608 5th Avenue, Manhattan
608 5th Avenue
$67
$67/SF
Building Size
13,227 SF
Asset Type
Office
Closing
May 1, 2024
AI
Located at 608 5th Avenue in Manhattan, the property involved in the lease transaction is an office space spanning 13,227 square feet. The deal was secured at an asking rent of $67 per square foot, with a lease agreement in place for 11 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: David Korien
- Tenant: JB International
- Landlord's Rep: David Katz - CBRE
- Tenant's Rep: Avi Ben-Ishay - Eastwood Capital Properties
The lease transaction at 608 5th Avenue was facilitated by David Katz from CBRE, representing the landlord, David Korien. On the tenant side, Avi Ben-Ishay from Eastwood Capital Properties served as JB International's representative in the deal.
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
236761.19%
Cash-on-Cash
-67667.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93