EBay Takes 27,902 Square Feet Office Lease At 122 5th Avenue From Bromley Companies
122 5th Avenue
Building Size
27,902 SF
Asset Type
Office
Closing
Jun 2, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 122 5th Avenue in Brooklyn, encompassing a total area of 27,902 square feet. The lease has been executed in the vibrant Flatiron District of Manhattan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Terms: 8-year lease
- Landlord: Nicholas Haines - Bromley Companies
- Tenant: Jamie Iannone - eBay
- Landlord's Representative: David Falk, Peter Shimkin, Eric Cagner & Dylan Weisman - Newmark
- Tenant's Representative: Sacha Zarba, Frederick Fackelmayer & Alice Fair - CBRE
eBay has signed an eight-year lease, taking over the entire second floor at this location and will be relocating from its previous office at 625 Avenue of the Americas. The transaction involves prominent real estate professionals representing both the landlord and tenant, highlighting the collaboration within the industry.
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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