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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 230 Park Ave S, New York, NY, 10003
- Market: New York
- Landlord: TF Cornerstone
- Landlord's Representative: Mark Mandell-Cushman & Wakefield, John Peterson
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.
On the Map
Players
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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