Northleaf Capital Leases 7200 Square Feet At 299 Park Ave New York With Tenant's Rep David Dusek
299 Park Ave, New York, NY, 10171
Building Size
7,200 SF
Asset Type
Office
Closing
Nov 11, 2021
AI
The property involved in the transaction is located at 299 Park Ave, New York, NY, 10171. The total square footage of the asset is 7,200. The market for this lease is New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Feet: 7,200
- Address: 299 Park Ave, New York, NY, 10171
- Market: New York
- Tenant: Northleaf Capital
- Landlord: Fisher Brothers
- Tenant's Representative: David Dusek - Cushman & Wakefield
This lease transaction features Northleaf Capital as the tenant, securing a deal with the landlord, Fisher Brothers. David Dusek from Cushman & Wakefield represented Northleaf Capital in this deal, facilitating the 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