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80 5th Avenue

Ames Associates Leases Office Space At 80 5th Avenue To Noho Pilates And Kim Davis
LEASEDOffice

Ames Associates Leases Office Space At 80 5th Avenue To Noho Pilates And Kim Davis

80 5th Avenue

$79

$79/SF

Building Size

2,000 SF

Asset Type

Office

Closing

Nov 25, 2025

AI

The property involved in this transaction is an office asset located at 80 5th Avenue in the Union Square market. The lease encompasses units 1403 and 1404, with an asking rent of $79 per square foot for a total area of 2,000 square feet. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

The deal was facilitated by multiple representatives, with J3K Real Estate successfully representing the landlord, Ames Associates. Special acknowledgment was given to Kierstin Kolle for introducing the tenants, Kim Davis and Amy Baker, along with Noho Pilates. J3K Real Estate currently has additional suites available ranging from 1,000 to 8,000 square feet.

Players

Jon Kamali

J3K Real Estate

Broker

$139.3M

vol

31 deals

Broker

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

200797.47%

Cash-on-Cash

-57388.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93