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100 Park Avenue

Alvarez & Marsal Leases 220,221 Square Feet At SL Green's 100 Park Avenue In Midtown
LEASEDOffice

Alvarez & Marsal Leases 220,221 Square Feet At SL Green's 100 Park Avenue In Midtown

100 Park Avenue

Building Size

220,221 SF

Asset Type

Office

Closing

Dec 2, 2024

AI

100 Park Avenue is an office asset located in Midtown, encompassing 220,221 square feet. The property is managed by SL Green Realty, with Marc Holliday representing the landlord in this transaction.

Summary of transation details:

Alvarez & Marsal finalized a lease agreement with SL Green for their office space at 100 Park Avenue, brokered by Cushman & Wakefield, involving multiple brokers from the firm actively participating in the transaction.

Players

Justin Royce

Cushman & Wakefield

Broker

15 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · 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