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280 Park Ave, New York, NY,...

Investcorp Leases 75000 SF At 280 Park Ave New York With Landlord SL Green Realty Corp
LEASEDCommercial

Investcorp Leases 75000 SF At 280 Park Ave New York With Landlord SL Green Realty Corp

280 Park Ave, New York, NY, 10017

$105

$105/SF

Building Size

75,000 SF

Asset Type

Commercial

Closing

Apr 13, 2018

AI

The property asset involved in this lease transaction is located at 280 Park Ave, New York, NY, 10017. The market value is New York, with a total square footage of 75,000. The rent is set at $105 per square foot.

Summary of transaction details:

The deal features key representatives in the transaction, with Brian Goldman from CapRock Real Estate representing the tenant, Investcorp, while Glen Weiss from Vornado Realty Trust represents the landlord, SL Green Realty Corp.

Players

Brian Goldman

CapRock Real Estate

Broker

$4.4M

vol

4 deals

Broker
SL Green
SL GreenLandlord
Investcorp
InvestcorpTenant

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

151076.19%

Cash-on-Cash

-43178.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93