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299 Park Ave, New York, NY,...

Fisher Brothers Leases 29812 Square Feet At 299 Park Ave New York With Tenant's Reps CBRE
LEASEDOffice

Fisher Brothers Leases 29812 Square Feet At 299 Park Ave New York With Tenant's Reps CBRE

299 Park Ave, New York, NY, 10171

Building Size

29,812 SF

Asset Type

Office

Closing

Dec 7, 2021

AI

This transaction involves a lease at 299 Park Ave, New York, NY, 10171. The leased space encompasses 29,812 square feet situated in the New York market. The landlord is Fisher Brothers.

Summary of transaction details:

The key individuals involved in this transaction are Christopher Corrinet, David Hollander, and David Kleinhandler, all representing the tenant through CBRE. These professionals played a significant role in facilitating the lease agreement with Fisher Brothers.

Players

David Hollander

CBRE

Broker

12 deals

Broker
Winston Fisher

Winston Fisher

Fisher Brothers

Landlord

$1.6B

vol

18 deals

Landlord

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