TF Cornerstone Leases 360000 Square Feet At 230 Park Ave New York With Tenant's Representatives
230 Park Ave, New York, NY, 10169
Building Size
360,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 230 Park Ave, New York, NY, 10169. It is part of the New York market and consists of 360,000 square feet. The landlord for this lease is TF Cornerstone.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 230 Park Ave, New York, NY, 10169
- Market: New York
- Square Feet: 360,000
- Landlord: TF Cornerstone
- Tenant's Representatives: Michael Greenberg, Cynthia Wasserberger-JLL, Hayley Schoener, Joe Judge-JLL
The lease transaction was facilitated by representatives from JLL, specifically Michael Greenberg, Cynthia Wasserberger, Hayley Schoener, and Joe Judge, who played a crucial role in the representation of the tenant in this deal.
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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