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

Industrious Leases 14,484 Square Feet At 215 Park Ave S From SL Green Realty Corp
LEASEDOffice

Industrious Leases 14,484 Square Feet At 215 Park Ave S From SL Green Realty Corp

215 Park Ave S, New York, NY, 10003

$70

$70/SF

Building Size

14,484 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 215 Park Ave S, New York, NY, 10003. It is a leased space with a total of 14,484 square feet in the New York market. The rent for this property is $70 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 215 Park Ave S, New York, NY, 10003
  • Market: New York
  • Tenant: Industrious
  • Landlord: SL Green Realty Corp.
  • Tenant's Representative: Alice Fair (CBRE)
  • Rent/SF: $70
  • Square Feet: 14,484

Alice Fair from CBRE represented the tenant, Industrious, in this lease transaction with the landlord, SL Green Realty Corp. The details provided indicate the involvement of these key individuals and their respective roles in this deal.

Players

Alice Fair

CBRE

Broker

11 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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93