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
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