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250 Park Avenue South

Hex Technologies Leases 12000 Square Feet At 250 Park Avenue South In Manhattan For Five Years
LEASEDOffice

Hex Technologies Leases 12000 Square Feet At 250 Park Avenue South In Manhattan For Five Years

250 Park Avenue South

$80

$80/SF

Building Size

12,000 SF

Asset Type

Office

Closing

Jan 9, 2026

AI

The property involved in the transaction is an office asset located at 250 Park Avenue South in Manhattan. The leased space amounts to 12,000 square feet, with an asking rent of $80 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $960,000
  • Address: 250 Park Avenue South
  • Market: Manhattan
  • Landlord: Jeffrey J. Feil - The Feil Organization
  • Tenant: Barry McCardel - Hex Technologies
  • Landlord's Rep: Andrew Wiener, Robert Fisher & Henry Korzec - The Feil Organization
  • Tenant's Rep: Peter Johnson - Avison Young

This transaction was facilitated by landlord Jeffrey J. Feil of The Feil Organization and tenant Barry McCardel of Hex Technologies. The representatives involved from the landlord's side include Andrew Wiener, Robert Fisher, and Henry Korzec, while Peter Johnson represented the tenant from Avison Young.

Players

Peter Johnson

Avison Young

Broker

3 deals

Broker
The Feil Organization
The Feil OrganizationLandlord

Barry McCardel

Hex Technologies

Tenant

2 deals

Tenant

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93