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717 5th Avenue

Adam J. Stark Of Stark Office Suites Signs Long-Term Lease With Dajia Insurance Group In Midtown Manhattan
LEASEDOffice

Adam J. Stark Of Stark Office Suites Signs Long-Term Lease With Dajia Insurance Group In Midtown Manhattan

717 5th Avenue

Building Size

17,300 SF

Asset Type

Office

Closing

Oct 14, 2025

AI

The property involved in this lease transaction is an office space located at 717 5th Avenue in Midtown Manhattan. The total square footage of the asset is 17,300 square feet, spanning two floors. The landlord of the property is Dajia Insurance Group.

Summary of transaction details:

Stark Office Suites has signed a long-term lease to expand its Excelsior premium office brand following a strong debut at 825 Third Avenue last year. This decision indicates a continued demand for high-end flexible workspace in New York City.

Players

David Hollander

CBRE

Broker

12 deals

Broker
Savills
SavillsBrokerage
CBRE
CBREBrokerage

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