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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Havas Group
- Landlord: RXR Realty
- Tenant's Representative: Matthew Astrachan, JLL
- Landlord's Representatives: Cole Gendels, Newmark; Erik Harris, Newmark
- Broker: Andrew Ackerman, RXR Realty
- Broker: Brian Waterman, Newmark
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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