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712 5th Ave, New York, NY, ...

Aberdeen Standard Investments Leases 27372 Sq Ft At 712 5th Ave New York From Paramount Group
LEASEDOffice

Aberdeen Standard Investments Leases 27372 Sq Ft At 712 5th Ave New York From Paramount Group

712 5th Ave, New York, NY, 10019

Building Size

27,372 SF

Asset Type

Office

Closing

Apr 26, 2019

AI

A lease transaction has occurred involving an office space located at 712 5th Ave, New York, NY, 10019. The property is situated in the New York market and encompasses a total of 27,372 square feet, which is leased by Aberdeen Standard Investments.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not Specified
  • Address: 712 5th Ave, New York, NY, 10019
  • Market: New York
  • Tenant: Aberdeen Standard Investments
  • Landlord: Paramount Group
  • Tenant's Representative: Daniel Horowitz, Savills

The transaction features key industry players, including the tenant, Aberdeen Standard Investments, which has secured the lease, and the landlord, Paramount Group. Daniel Horowitz from Savills acted as the representative for the tenant in this lease agreement.

Players

Daniel Horowitz

Savills

Broker

18 deals

Broker
Paramount Group
Paramount GroupLender
Paramount Group
Paramount GroupLandlord

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