Estée Lauder Leases 220000 Square Feet At 767 5th Ave New York From Boston Properties
767 5th Ave, New York, NY, 10153
Building Size
220,000 SF
Asset Type
Office
Closing
Aug 2, 2017
AI
The property involved in this transaction is located at 767 5th Ave, New York, NY, 10153. The lease encompasses 220,000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 767 5th Ave, New York, NY, 10153
- Market: New York
- Square Feet: 220,000
- Tenant: Estée Lauder
- Landlord: Boston Properties
- Tenant's Representative: Gregory Tosko-CBRE
The transaction involves key representatives, with Gregory Tosko of CBRE acting as the representative for the tenant, Estée Lauder, while the landlord, Boston Properties, is the property owner in this deal.
Players
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