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745 5th Ave, New York, NY, ...

Eurazeo Leases 14,079 Square Feet At 745 5th Ave New York From Paramount Group
LEASEDOffice

Eurazeo Leases 14,079 Square Feet At 745 5th Ave New York From Paramount Group

745 5th Ave, New York, NY, 10151

Building Size

14,079 SF

Asset Type

Office

Closing

Aug 26, 2021

AI

The lease property located at 745 5th Ave, New York, NY, offers a total square footage of 14,079. It is situated in the New York market. The landlord for this transaction is Paramount Group.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 745 5th Ave, New York, NY, 10151
  • Market: New York
  • Tenant: Eurazeo
  • Landlord: Paramount Group
  • Tenant's Representative: Chase Gordon - Avison Young
  • Square Feet: 14,079

The transaction involves tenant Eurazeo, which is represented by Chase Gordon from Avison Young. The landlord, Paramount Group, manages the property in the New York market.

Players

Chase Gordon

Avison Young

Broker

$7.6M

vol

6 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