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

The Points Guy Leases 7659 Square Feet Office Space At 251 Park Ave S New York
LEASEDOffice

The Points Guy Leases 7659 Square Feet Office Space At 251 Park Ave S New York

251 Park Ave S, New York, NY, 10010

Building Size

7,659 SF

Asset Type

Office

Closing

Jan 23, 1917

AI

The property asset involved in the transaction is located at 251 Park Ave S, New York, NY, 10010. This office space encompasses a total of 7,659 square feet and falls within the New York market.

Summary of transaction details:

Stephen Berliner from Savills represents The Points Guy, while Robert Fisher represents the Feil Organization in this transaction, highlighting the involvement of key real estate professionals facilitating the lease agreement.

Players

Stephen Berliner

Savills

Broker

2 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