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280 Park Ave, New York, NY,...

Antares Capital Leases 55,000 SF Office At 280 Park Ave, New York
LEASEDOffice

Antares Capital Leases 55,000 SF Office At 280 Park Ave, New York

280 Park Ave, New York, NY, 10017

Building Size

55,000 SF

Asset Type

Office

Closing

Dec 19, 2016

AI

The property asset involved in the transaction is an office space located at 280 Park Ave, New York, NY, 10017. It encompasses a total area of 55,000 square feet within the New York market. The lease agreement was executed on December 19, 2016, involving the landlord SL Green Realty Corp.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 280 Park Ave, New York, NY, 10017
  • Market: New York
  • Square Feet: 55,000
  • Tenant: Antares Capital
  • Landlord: SL Green Realty Corp.
  • Tenant's Representative: Neil V. King III, Patrice Meagher & Paul Amrich - CBRE

The deal features notable players including the tenant Antares Capital and the representation by Neil V. King III, Patrice Meagher, and Paul Amrich from CBRE. SL Green Realty Corp. acted as the landlord for this lease agreement.

Players

Paul Amrich

CBRE

Broker

37 deals

Broker
SL Green
SL GreenLandlord

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