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

Havas Group Leases 21139 Square Feet At 230 Park Ave New York From RXR Realty
LEASEDOffice

Havas Group Leases 21139 Square Feet At 230 Park Ave New York From RXR Realty

230 Park Ave, New York, NY, 10169

Building Size

21,139 SF

Asset Type

Office

Closing

Nov 21, 2022

AI

The lease transaction involves a property located at 230 Park Ave, New York, NY, 10169. The premises encompass 21,139 square feet and are situated within the New York market.

Summary of transaction details:

Matthew Astrachan, representing Havas Group, facilitated the leasing process alongside RXR Realty as the landlord, represented by Cole Gendels and Erik Harris. The brokers involved in this transaction are Andrew Ackerman from RXR Realty and Brian Waterman from Newmark.

Players

Peter Riguardi

JLL

Broker

$38.2M

vol

17 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