Puma Leases 24000 Square Feet At 609 5th Ave New York From SL Green Realty Corp
609 5th Ave, New York, NY, 10017
$1,400
$1,400/SF
Building Size
24,000 SF
Asset Type
Retail
Closing
May 17, 2018
About this deal
AI
The property leased is located at 609 5th Ave, New York, NY, 10017. This location is situated within the New York market, offering a total of 24,000 square feet, with a rent per square foot set at $1,400.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Puma
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Greg Covey-JLL
- Landlord's Representative: Jason Greenstone-Cushman & Wakefield
Key individuals involved in this lease transaction include Greg Covey representing the tenant, Puma, and Jason Greenstone representing the landlord, SL Green Realty Corp. The transaction reflects the collaboration between JLL and Cushman & Wakefield in facilitating this lease agreement.
On the Map
$1,400
$1,400/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11330.71%
Cash-on-Cash
-3238.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93