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767 5th Ave, New York, NY, ...

Kushner Companies Leases 20500 Square Feet At 767 5th Ave New York From Itaù Unibanco Holding
LEASEDOffice

Kushner Companies Leases 20500 Square Feet At 767 5th Ave New York From Itaù Unibanco Holding

767 5th Ave, New York, NY, 10153

Building Size

20,500 SF

Asset Type

Office

Closing

May 20, 2020

AI

The property involved in this transaction is located at 767 5th Ave, New York, NY, 10153. It encompasses a total square footage of 20,500 and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Tenant: Kushner Companies
  • Landlord: Itaù Unibanco Holding
  • Tenant's Representative: David Falk, Jason Greenstein - Newmark

Key individuals in this transaction include David Falk and Jason Greenstein, who represented the tenant, Kushner Companies, in securing the lease agreement with landlord Itaù Unibanco Holding.

Players

David Falk
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David Falk

Newmark

Broker

61 deals

Broker
CBRE
CBREBrokerage
Kushner Companies
Kushner CompaniesTenant

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