Andrew Park Leases 4524 Square Feet At 450 Fashion Ave New York With Rep Kenneth Kronstadt
450 Fashion Ave, New York, NY, 10123
Building Size
4,524 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property located at 450 Fashion Ave, New York, NY, 10123, encompasses a total area of 4,524 square feet. It is situated in the New York market and was part of a lease transaction.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 450 Fashion Ave, New York, NY, 10123
- Market: New York
- Square Feet: 4,524
- Tenant: Andrew Park
- Tenant's Representative: Kenneth Kronstadt (Newmark Grubb Knight Frank)
- Landlord: 450 7th Ave Associates
The deal involved key individuals, including Kenneth Kronstadt, who represented the tenant, Andrew Park, in this leasing transaction, while the landlord was represented by 450 7th Ave Associates.
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