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640 5th Ave, New York, NY, ...

Dyson Leases 3167 Square Feet At 640 5th Ave New York From Vornado Realty Trust
LEASEDOffice

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

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:

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.

Players

Ed Hogan

Vornado Realty Trust

Broker

1 deal

Broker
Vornado Realty Trust
Vornado Realty TrustLandlord

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