Updated Mar 17, 2025
Merchant Cash And Capital Leases 16000 Square Feet At 450 Park Ave S New York
450 Park Ave S, New York, NY, 10016
Building Size
16,000 SF
Asset Type
Commercial
Closing
Aug 2, 2016
About this deal
AI
A 16,000 square foot lease expansion was signed at 450 Park Ave S, New York, NY, 10016. The property is located in the New York market and is currently leased by Merchant Cash and Capital.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 16,000
- Address: 450 Park Ave S, New York, NY, 10016
- Market: New York
- Tenant: Merchant Cash and Capital
- Landlord: The Winick Group
- Tenant's Representative: Ira Rovitz - Newmark Grubb Knight Frank
- Landlord's Representative: Gregg Weisser - Moinian Group
The deal was facilitated by Ira Rovitz representing Merchant Cash and Capital, while Gregg Weisser represented The Winick Group in this transaction.
On the Map
Commercial
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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