BuzzFeed Leases 11000 Square Feet At 110 5th Ave New York From Loblaw Companies
110 5th Ave, New York, NY, 10011
Building Size
11,000 SF
Asset Type
Retail
Closing
Oct 5, 2018
About this deal
AI
The property involved in this transaction is located at 110 5th Ave, New York, NY, 10011, situated in the New York market. The commercial lease encompasses a total of 11,000 square feet. The landlord of the property is Loblaw Companies.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 110 5th Ave, New York, NY, 10011
- Square Feet: 11,000
- Tenant: BuzzFeed
- Landlord: Loblaw Companies
- Tenant's Rep: Greg Taubin (Savills Studley)
- Landlord's Rep: Daniel Alesandro (CBRE)
Key individuals in this transaction include Greg Taubin representing the tenant, BuzzFeed, and Daniel Alesandro representing the landlord, Loblaw Companies. Their roles were pivotal in facilitating this lease agreement within the New York market.
On the Map
Retail
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Players
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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