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110 5th Ave, New York, NY, ...

BuzzFeed Leases 11000 Square Feet At 110 5th Ave New York From Loblaw Companies
LEASEDRetail

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

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.

Players

Daniel Alesandro

The Corcoran Group

Broker

1 deal

Broker
B
BuzzFeedTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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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