American Kennel Club Leases 60000 Square Feet At 101 Park Ave New York From H.J. Kalikow & Co
101 Park Ave, New York, NY, 10178
Building Size
60,000 SF
Asset Type
Office
Closing
Aug 9, 2017
AI
The property involved in the transaction is located at 101 Park Ave, New York, NY, 10178, within the New York market. The asset encompasses a total area of 60,000 square feet, offering substantial space suitable for various functions.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 101 Park Ave, New York, NY, 10178
- Market: New York
- Tenant: American Kennel Club
- Landlord: H.J. Kalikow & Co
- Tenant's Representative: Christopher Corrinet (CBRE)
This lease transaction involved key participants including the American Kennel Club as the tenant and H.J. Kalikow & Co as the landlord. Christopher Corrinet of CBRE represented the tenant during this deal, facilitating the lease agreement.
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