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
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.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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