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
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