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99 Park Avenue

Eyal Ofer's Global Holdings Management Group Leases 94,000 Square Feet To Amalgamated Bank
LEASEDMixed-use

Eyal Ofer's Global Holdings Management Group Leases 94,000 Square Feet To Amalgamated Bank

99 Park Avenue

Building Size

Asset Type

Mixed-use

Closing

Apr 14, 2025

AI

The property asset involved in the transaction is a mixed-use building located at 99 Park Avenue in the Murray Hill market. Amalgamated Bank has secured a lease for 94,000 square feet within this property for a term of 15 years.

Summary of transaction details:

The deal marks a significant achievement for Global Holdings Management Group, as it secures its largest lease to date. The involvement of multiple representatives from both the landlord and tenant sides illustrates a coordinated effort to finalize the lease agreement for the sizable space at 99 Park Avenue.

Players

Paul Glickman

JLL

Broker

28 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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