Warshaw Blumenthal Inc. Leases 5092 Square Feet At 215 Park Ave S New York From SL Green Realty Corp
215 Park Ave S, New York, NY, 10003
Building Size
5,092 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 215 Park Ave S, New York, NY, 10003. It comprises a total of 5,092 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Warshaw Blumenthal Inc.
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Craig Reicher-CBRE
- Landlord's Representatives: Gary Rosenberg-Rosenberg Realty, Gary M. Rosen-SL Green Realty Corp., Howard Tenenbaum-SL Green
This transaction highlights the involvement of various representatives working on behalf of both the tenant and the landlord, indicating a collaborative effort in securing the lease agreement at the specified address.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · 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