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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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