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215 Park Ave S, New York, N...

Warshaw Blumenthal Inc. Leases 5092 Square Feet At 215 Park Ave S New York From SL Green Realty Corp
LEASED

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:

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

Craig Reicher

CBRE

Broker

17 deals

Broker
SL Green
SL GreenLandlord

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