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125 Park Ave, New York, NY,...

SL Green Leases 52540 Square Feet At 125 Park Ave New York To Tenant Represented By CBRE
LEASEDOffice

SL Green Leases 52540 Square Feet At 125 Park Ave New York To Tenant Represented By CBRE

125 Park Ave, New York, NY, 10017

Building Size

52,540 SF

Asset Type

Office

Closing

Dec 3, 2018

AI

The lease transaction involves a property located at 125 Park Ave, New York, NY, 10017 within the New York market. The asset spans a total area of 52,540 square feet. The landlord of the property is SL Green.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 125 Park Ave, New York, NY, 10017
  • Market: New York
  • Square Feet: 52,540
  • Landlord: SL Green
  • Tenant's Representatives: Christopher Hogan (CBRE), Doug Lehman (CBRE)

Christopher Hogan and Doug Lehman from CBRE represent the tenant in this lease transaction, facilitating the agreement between SL Green and the tenant party involved in the deal.

Players

Christopher Hogan

CBRE

Broker

7 deals

Broker
SL Green
SL GreenLandlord

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