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202 Park Ave S, New York, N...

Kidpik Leases 17849 Square Feet At 202 Park Ave S New York With ABS Investors
LEASEDOffice

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:

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

James Caseley

ABS Partners Real Estate

Broker

7 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93