Updated Nov 28, 2024
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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 280 Park Ave, New York, NY, 10017
- Market: New York
- Tenant: Investcorp
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Brian Goldman - CapRock Real Estate
- Landlord's Representative: Glen Weiss - Vornado Realty Trust
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
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