Updated Dec 4, 2024
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
About this deal
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.
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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