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230 Park Ave, New York, NY,...

Tempus Labs Leases 22700 Square Feet At 230 Park Ave New York From RXR Realty
LEASEDCommercial

Tempus Labs Leases 22700 Square Feet At 230 Park Ave New York From RXR Realty

230 Park Ave, New York, NY, 10169

Building Size

22,700 SF

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 230 Park Ave, New York, NY, 10169. The asset encompasses a total of 22,700 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not provided
  • Address: 230 Park Ave, New York, NY, 10169
  • Market: New York
  • Tenant: Tempus Labs
  • Landlord: RXR Realty
  • Brokers: Alice Fair (CBRE), Jared Isaacson (CBRE)

The transaction includes participation from two brokers, Alice Fair and Jared Isaacson, both representing CBRE in the lease agreement. The tenant in this transaction is Tempus Labs, while the landlord is RXR Realty.

Players

Todd Lippman

CBRE

Broker

6 deals

Broker
RXR Realty
RXR RealtyLandlord

New York Commercial Market Snapshot

Boundary boundary · Commercial · 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