RFR Leases Office Space At 475 5th Avenue To Jellycat With Tenant's Representatives From LSL Advisors
475 5th Avenue
$95
$95/SF
Building Size
4,319 SF
Asset Type
Office
Closing
Feb 26, 2026
AI
The property asset involved in this transaction is an office lease located at 475 5th Avenue in the Manhattan market. The asset encompasses a total square footage of 4,319, with an asking rent of $95 per square foot under a Modified Gross Lease structure.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $95/ft
- Square Footage: 4,319
- Address: 475 5th Avenue
- Market: Manhattan
- Landlord: RFR
- Tenant: Jellycat
- Landlord's Rep: Rob Weller & Paul Milunec
- Tenant's Rep: Eric Siegel, Raphael (Ralph) Zar & Daniel Lolai - LSL Advisors
- Lease Type: Modified Gross Lease
The key individuals involved in the deal include Rob Weller and Paul Milunec representing the landlord, RFR, while the tenant, Jellycat, is represented by a team from LSL Advisors, comprised of Eric Siegel, Raphael (Ralph) Zar, and Daniel Lolai.
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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93