475 5th Ave
475 5th Ave, New York, NY, 10017
$79
$79/SF
Building Size
32,000 SF
Asset Type
Retail
Closing
Jul 25, 2016
AI
The property involved in the transaction is situated at 475 5th Ave, New York, NY, 10017. This lease transaction encompasses a total area of 32,000 square feet, with a rent per square foot set at $79. The property is located in the New York market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 475 5th Ave, New York, NY, 10017
- Market: New York
- Tenant: Stantec Consulting Services
- Landlord: TIAA-CREF
- Tenant's Representative: Brian Connolly - JLL
- Rent/SF: $79
- Square Feet: 32,000
This transaction features Stantec Consulting Services as the tenant, utilizing the space for their operational needs. Brian Connolly from JLL acted as the representative for Stantec Consulting Services in this leasing agreement, while TIAA-CREF served as the landlord for the property.
Players
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
200797.47%
Cash-on-Cash
-57388.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93