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

Kimball Office Leases 9885 SF Office At 215 Park Ave S, NY
LEASEDOffice

Kimball Office Leases 9885 SF Office At 215 Park Ave S, NY

215 Park Ave S, New York, NY, 10003

Building Size

9,885 SF

Asset Type

Office

Closing

Aug 9, 2016

AI

The office property located at 215 Park Ave S, New York, NY, 10003, was leased on 08/09/2016. The asset spans a total of 9,885 square feet and is situated in the New York market. The tenant, Kimball Office, secured this lease with the landlord, SL Green. Sebastian Infante acted as the tenant's representative in this transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Kimball Office
  • Landlord: SL Green
  • Square Feet: 9,885

The deal involved Kimball Office as the tenant and SL Green as the landlord. Sebastian Infante represented Kimball Office in securing the lease for the office property at 215 Park Ave S. This transaction reflects a successful negotiation between the parties involved, further solidifying their positions in the New York office market.

Players

Sebastian Infante

Broker

5 deals

Broker
SL Green
SL GreenLandlord

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