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545 East 5th Street, New Yo...

Updated Oct 29, 2024

DLX Paris Leases 5th Floor Office Space In Manhattan's Grand Street Building
LEASEDOffice

DLX Paris Leases 5th Floor Office Space In Manhattan's Grand Street Building

545 East 5th Street, New York, NY 10009

Building Size

2,220 SF

Asset Type

Office

Closing

Aug 27, 2018

About this deal

AI

The property involved in the transaction is an office space located at 62 Grand Street, 5th Floor in Manhattan. The lease was signed by DLX Paris, with Slavik Gofman as the landlord. The transaction was facilitated by James Famularo and Greg Goldberg of Meridian Retail Leasing. The lease term is for 5 years with an asking rent of $60 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 62 Grand Street, 5th Floor
  • Market: Manhattan
  • Tenant: DLX Paris
  • Landlord: Slavik Gofman
  • Brokers: James Famularo and Greg Goldberg of Meridian Retail Leasing
  • Asking Rent: $60/ft.
  • Square Footage: 2,220 SF
  • Term: 5 Years

James Famularo and Greg Goldberg of Meridian Retail Leasing played key roles in facilitating the lease between DLX Paris and Slavik Gofman for the office space at 62 Grand Street. The lease agreement has a term of 5 years and an asking rent of $60 per square foot.

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Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 deals

Broker

Slavik Gofman

Landlord

10 deals

Landlord
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New York Office Market Snapshot

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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

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