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

ODA Architecture Leases 12000 Square Feet At 250 Park Ave S New York From The Feil Organization
LEASEDOffice

ODA Architecture Leases 12000 Square Feet At 250 Park Ave S New York From The Feil Organization

250 Park Ave S, New York, NY, 10003

Building Size

12,000 SF

Asset Type

Office

Closing

Mar 1, 2016

AI

The transaction involved a lease at 250 Park Ave S, New York, NY, 10003. The property features a total of 12,000 square feet in the New York market. The asking rent was in the high $60 per square foot range.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 250 Park Ave S, New York, NY, 10003
  • Market: New York
  • Tenant: ODA Architecture
  • Landlord: The Feil Organization
  • Tenant's Representative: Jared Sternberg
  • Landlord's Representative: Robert Fisher
  • Square Feet: 12,000
  • Lease Duration: Five years

Jared Sternberg from The Kaufman Organization represented ODA Architecture in the lease renewal, while Robert Fisher represented The Feil Organization as the landlord in the transaction.

Players

Brian Waterman

Newmark

Broker

$300.4M

vol

30 deals

Broker
The Feil Organization
The Feil OrganizationLandlord

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