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
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