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
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