623 5th Ave
623 5th Ave, New York, NY, 10022
Building Size
14,500 SF
Asset Type
Office
Closing
Jan 6, 2023
AI
The lease transaction involves a property located at 623 5th Ave, New York, NY, 10022, encompassing a total area of 14,500 square feet. The transaction occurs within the New York market, and it is facilitated by Cohen Brothers Realty, the landlord of the premises.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 623 5th Ave, New York, NY, 10022
- Square Feet: 14,500
- Market: New York
- Landlord: Cohen Brothers Realty
- Tenant's Representative: Christopher Corrinet-CBRE
This transaction highlights the important roles of the individuals involved, specifically Christopher Corrinet, representing the tenant's interests in the deal through his affiliation with CBRE.
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