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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 299 Park Ave, New York, NY, 10171
- Market: New York
- Square Feet: 29,812
- Landlord: Fisher Brothers
- Tenant's Representatives: Christopher Corrinet (CBRE), David Hollander (CBRE), David Kleinhandler (CBRE)
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
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