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200 Park Avenue South

Electric Capital Leases Office Space At 200 Park Avenue South In Flatiron
LEASEDOffice

Electric Capital Leases Office Space At 200 Park Avenue South In Flatiron

200 Park Avenue South

$83

$83/SF

Building Size

3,489 SF

Asset Type

Office

Closing

Mar 18, 2024

AI

The office property located at 200 Park Avenue South in Flatiron, Manhattan, was involved in a lease transaction between the landlord, ABS Partners Real Estate, and the tenant, Electric Capital. The lease, facilitated by John Cinosky & James Caseley of ABS Partners Real Estate representing the landlord, and Daniel Lolai & Eric Siegel of LSL Advisors representing the tenant, was a Modified Gross Lease with an asking rent of $83 per square foot for 3,489 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 200 Park Avenue South
  • Market: Flatiron, Manhattan
  • Landlord: ABS Partners Real Estate
  • Tenant: Electric Capital
  • Landlord's Rep: John Cinosky & James Caseley - ABS Partners Real Estate
  • Tenant's Rep: Daniel Lolai & Eric Siegel - LSL Advisors
  • Asking Rent: $83/ft
  • SF: 3,489
  • Lease Type: Modified Gross Lease

The key individuals involved in this lease deal were John Cinosky, James Caseley representing ABS Partners Real Estate as the landlord's representatives, and Daniel Lolai and Eric Siegel representing LSL Advisors as the tenant's representatives. This transaction highlights the collaboration between these parties in securing a lease agreement for the office space at 200 Park Avenue South.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker

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

191120.48%

Cash-on-Cash

-54622.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93