Dyson Leases 3167 Square Feet At 640 5th Ave New York From Vornado Realty Trust
640 5th Ave, New York, NY, 10019
Building Size
3,167 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
This lease transaction involves a property located at 640 5th Ave, New York, NY, measuring 3,167 square feet. The market for this property is New York, and the landlord is Vornado Realty Trust.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 640 5th Ave, New York, NY, 10019
- Landlord: Vornado Realty Trust
- Landlord's Representative: Ed Hogan - Vornado Realty Trust
- Tenant: Dyson
- Square Feet: 3,167
Ed Hogan represents Vornado Realty Trust in this transaction, facilitating the agreement between the landlord and the tenant, Dyson. The engagement underscores the active leasing activity in one of New York's prominent areas.
On the Map
Office
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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