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155 5th Avenue

Abraham Talassazan Leases 5,200 SF Office At 155 5th Avenue To Maniere De Voir
LEASEDRetail

Abraham Talassazan Leases 5,200 SF Office At 155 5th Avenue To Maniere De Voir

155 5th Avenue

$1

$1/SF

Building Size

5,200 SF

Asset Type

Retail

Closing

Oct 23, 2024

AI

The property involved in this transaction is an office asset located at 155 5th Avenue in the Flatiron market. The total square footage of the office space is 5,200. The lease type for this transaction is categorized as an Office Lease.

Summary of transaction details:

This lease transaction involves key representatives who played significant roles in facilitating the deal. The landlord was represented by Steven Evans and Joseph Zalta from Platinum Properties, while the tenant was represented by George Skaliarinis from KSR and Sonny Braha from Crown Onyx Advisors.

Players

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

54 deals

Broker

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

15863000.00%

Cash-on-Cash

-4533694.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93