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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 100 Park Avenue
- Market: Midtown
- Landlord: Marc Holliday - SL Green Realty
- Tenant: David Walsh - Alvarez & Marsal
- Brokers: Barry Zeller, David Dusek, Harry Blair, Justin Royce, Pierce Hance & Tara Stacom - Cushman & Wakefield
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
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