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
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