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712 5th Avenue

Loeb Enterprises Renews Office Lease With Paramount Group At 712 5th Avenue In Manhattan
LEASEDOffice

Loeb Enterprises Renews Office Lease With Paramount Group At 712 5th Avenue In Manhattan

712 5th Avenue

Building Size

18,056 SF

Asset Type

Office

Closing

Sep 3, 2024

AI

The office asset, located at 712 5th Avenue in Manhattan, encompasses a total area of 18,056 square feet. The lease was renewed, allowing Loeb Enterprises to maintain its operations at this established address within a prominent market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 712 5th Avenue
  • Market: Manhattan
  • Landlord: Paramount Group
  • Tenant: Loeb Enterprises
  • Broker: Anthony Dattoma - CBRE

Anthony Dattoma from CBRE represented Loeb Enterprises in the lease renewal deal with Paramount Group, ensuring the tenant's interests were maintained throughout the transaction process.

Players

Anthony Dattoma

CBRE

Broker

6 deals

Broker

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