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230 Park Ave, New York, NY,...

Desmarais Leases 66579 SF Office At 230 Park Ave, New York
LEASEDOffice

Desmarais Leases 66579 SF Office At 230 Park Ave, New York

230 Park Ave, New York, NY, 10169

Building Size

66,579 SF

Asset Type

Office

Closing

May 29, 2018

AI

Located at 230 Park Ave, New York, NY, 10169, the office property covering 66,579 square feet was involved in a lease transaction on May 29, 2018, between the tenant Desmarais and the landlord RXR Realty in the vibrant market of New York.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Desmarais
  • Landlord: RXR Realty
  • Landlord's Representative: William Elder()

The lease deal at 230 Park Ave was facilitated with William Elder() representing the landlord, RXR Realty. The tenant, Desmarais, secured a space spanning 66,579 square feet in this office asset, solidifying the transaction in the bustling New York market.

Players

William Elder

RXR Realty

Broker

9 deals

Broker
RXR Realty
RXR RealtyLandlord

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