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
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