facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Nursing Home

/

Lease

/

2 Park Avenue

AECOM Leases Office Space At 2 Park Avenue In Manhattan With JLL And Cushman & Wakefield
LEASEDNursing Home

AECOM Leases Office Space At 2 Park Avenue In Manhattan With JLL And Cushman & Wakefield

2 Park Avenue

Building Size

7,490 SF

Asset Type

Nursing Home

Closing

Jun 10, 2024

AI

The nursing home located at 2 Park Avenue in Manhattan spans a total of 7,490 square feet. The lease transaction involved AECOM leasing 17,490 square feet of office space from landlord PPF Off Two Park Avenue. JLL acted as the tenant's representative, while Cushman & Wakefield represented the landlord.

Summary of transaction details:

The deal's key individuals included Mitchell Arkin, Peter Trivelas, and Tara Stacom from Cushman & Wakefield representing the landlord, along with Edward DiTolla, Henry Warner, and William Korchak from JLL representing AECOM. The collaboration between these representatives facilitated the successful lease of office space at 2 Park Avenue in Manhattan.

Players

Tara Stacom

Cushman & Wakefield

Broker

17 deals

Broker

New York Nursing Home Market Snapshot

Boundary boundary · Nursing Home · Lease transactions

Loading comparables…

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