CBRE Leases 44000 Square Feet At 200 Park Ave New York From Irvine Company
200 Park Ave, New York, NY, 10166
Building Size
44,000 SF
Asset Type
Office
Closing
Aug 11, 2020
AI
The lease transaction involves a property located at 200 Park Ave, New York, NY, 10166, situated in the New York market. The tenant, CBRE, has leased a space totaling 44,000 square feet from the landlord, Irvine Company.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 200 Park Ave, New York, NY, 10166
- Market: New York
- Square Feet: 44,000
- Tenant: CBRE
- Landlord: Irvine Company
- Tenant's Representative: Craig Reicher-CBRE
- Landlord's Representative: Jerry Speyer-Tishman Speyer
This transaction showcases the involvement of key representatives. Craig Reicher represented CBRE in this deal, while Jerry Speyer represented the interests of the Irvine Company, facilitating the lease agreement between the two parties.
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