Aetna Life Insurance Co Leases Office Space In New York To Perseus
Building Size
10,900 SF
Asset Type
Office
Closing
Nov 10, 2015
AI
The property at 100 Park Ave in New York, NY, 10017, is an office building spanning 10,900 square feet. The lease transaction dated 11/10/2015 involved Aetna Life Insurance Co as the tenant, represented by William Korchak of JLL, and SL Green as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Aetna Life Insurance Co
- Square Feet: 10,900
- Tenant's Rep: William Korchak (JLL)
- Landlord: SL Green
Perseus signed an 11k SF lease at 110 William St. Newmark Grubb Knight Frank’s Jamie Jacobs represented the tenant in the deal. The ownership, Savanna and KBS Strategic Opportunity REIT, was represented by Newmark’s Hal Stein, Todd Stracci, and Travis Wilson.
Players
Market Office Market Snapshot
Boundary boundary · Office · 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