BankUnited Leases 10,068 Square Feet At 452 5th Avenue In Manhattan From PBC USA
452 5th Avenue
Building Size
10,068 SF
Asset Type
Office
Closing
Oct 1, 2026
About this deal
AI
The property asset is located at 452 5th Avenue in Manhattan, featuring office space amounting to 10,068 square feet. The lease has been signed, impacting the property dynamics in the area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 452 5th Avenue
- Market: Manhattan
- Landlord: Property & Building Corporation (PBC USA)
- Tenant: BankUnited
- Landlord's Representative: Patrick Smith, Matt Ogle & Amanda Sujak - JLL
- Tenant's Representative: Kim Mogull - Mogull Realty
As part of the transaction, BankUnited also expanded its office footprint by leasing an additional 10,392 square feet at 450 Park Avenue, bringing its total commitment in Manhattan to 37,460 square feet.
On the Map
Office
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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