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200 Park Ave, New York, NY,...

CBRE Leases 44000 Square Feet At 200 Park Ave New York From Irvine Company
LEASEDOffice

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

Craig Reicher

CBRE

Broker

17 deals

Broker
Irvine Company
Irvine CompanyLandlord
CBRE
CBRETenant

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