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
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