Kidpik Leases 17849 Square Feet At 202 Park Ave S New York With ABS Investors
202 Park Ave S, New York, NY, 10003
Building Size
17,849 SF
Asset Type
Office
Closing
Aug 3, 2022
AI
The property involved in this transaction is situated at 202 Park Ave S, New York, NY, 10003, within the New York market. This leased space encompasses a total area of 17,849 square feet. The transaction involves Kidpik as the tenant and ABS investors as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 202 Park Ave S, New York, NY, 10003
- Market: New York
- Tenant: Kidpik
- Landlord: ABS investors
- Square Feet: 17,849
- Tenant's Representative: Catherine O’Toole, Corey Abdo - Lee & Associates
- Landlord's Representative: Charles Conwell, James Caseley - ABS Partners Real Estate
This deal features representation from Catherine O’Toole and Corey Abdo acting on behalf of Kidpik, while the landlord, ABS investors, is represented by Charles Conwell and James Caseley from ABS Partners Real Estate.
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