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299 Park Ave, New York, NY,...

Fisher Brothers Secures Lease For 11439 Square Feet At 299 Park Ave In New York
LEASEDCommercial

Fisher Brothers Secures Lease For 11439 Square Feet At 299 Park Ave In New York

299 Park Ave, New York, NY, 10171

Building Size

11,439 SF

Asset Type

Commercial

Closing

Nov 4, 2022

AI

The property involved in this lease transaction is located at 299 Park Ave, New York, NY, with a total square footage of 11,439. The transaction takes place in the New York market. The landlord for this property is Fisher Brothers.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 299 Park Ave, New York, NY, 10171
  • Square Feet: 11,439
  • Market: New York
  • Landlord: Fisher Brothers
  • Tenant's Representative: Ken Rapp - CBRE
  • Landlord's Representatives: Josh Fisher, Charles Laginestra, Clark Briffel - Fisher Brothers

The key individuals involved in the transaction include Ken Rapp representing the tenant and the team of Josh Fisher, Charles Laginestra, and Clark Briffel representing the landlord. Their respective roles highlight the professional collaboration that facilitated this lease agreement in a competitive market.

Players

Clark Briffel

Fisher Brothers

Broker

8 deals

Broker
Winston Fisher

Winston Fisher

Fisher Brothers

Landlord

$1.6B

vol

18 deals

Landlord

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