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

TF Cornerstone Leases 32000 Square Feet At 230 Park Ave S In New York
LEASED

TF Cornerstone Leases 32000 Square Feet At 230 Park Ave S In New York

230 Park Ave S, New York, NY, 10003

Building Size

32,000 SF

Asset Type

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 230 Park Ave S, New York, NY, 10003. It has a total area of 32,000 square feet and is situated within the New York market.

Summary of transaction details:

This transaction involved key representatives including Mark Mandell and John Peterson, who acted on behalf of the landlord, TF Cornerstone, highlighting their roles in facilitating this lease agreement.

Players

John Peterson

Broker

$1.1M

vol

2 deals

Broker
TF Cornerstone
TF CornerstoneLender
TF Cornerstone
TF CornerstoneLandlord

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