Ambition Leases Office Space In NoMad From Stellar Management At 220 5th Ave, New York, NY 10001
220 5th Ave, New York, NY 10001, USA
$81
$0/SF
Building Size
5,874 SF
Asset Type
Office
Closing
Mar 1, 2017
AI
An office space located at 220 5th Ave, New York, NY 10001, USA in the NoMad market has been leased. The tenant, Ambition, has signed a lease agreement with the landlord, Stellar Management. The lease transaction was facilitated by brokers from SABRE and Cushman & Wakefield.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 220 5th Ave, New York, NY 10001, USA
- Market: NoMad
- Tenant: Ambition
- Landlord: Stellar Management
- Brokers: SABRE - Jay Siano, Sean Young | Cushman & Wakefield - Patrick O’Rourke, Sean Moran
- Lease Term: Not specified
- Rent per Square Foot: $40,000
- Total Square Feet: 5,874
The deal involved the collaboration of multiple brokers. Jay Siano and Sean Young represented the tenant, Ambition, while Patrick O’Rourke and Sean Moran represented the landlord, Stellar Management. They played crucial roles in negotiating the terms of the lease transaction.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
195839.51%
Cash-on-Cash
-55971.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93