Sona Technologies Leases 12,000 Square Feet At 245 Fifth Avenue In Midtown South
245 5th Avenue
Building Size
12,000 SF
Asset Type
Office
Closing
Oct 28, 2026
About this deal
AI
The property asset involved is an office space located at 245 5th Avenue in Midtown South, with a total size of 12,000 square feet. This asset is under the management of The Moinian Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 245 5th Avenue
- Market: Midtown South
- Landlord: Joseph Moinian - The Moinian Group
- Tenant: Sona Technologies
- Landlord's Representative: Scott Klau, Erik Harris & Benjamin Klau - Newmark
- Tenant's Representative: Evan Kleinberg & Lenny Kohlmayer - Cornelia Street Partners
Sona Technologies has successfully leased the 19th floor space, marking a key deal for both the tenant and landlord representatives involved in this transaction. The deal was facilitated by Newmark and Cornelia Street Partners, underscoring the collaborative efforts of the brokerage teams.
On the Map
Office
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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