Bardin Hill Investment Partners Leases 28045 SF Office Space At 299 Park Ave
299 Park Ave, New York, NY, 10171
Building Size
28,045 SF
Asset Type
Office
Closing
May 13, 2019
AI
The office property located at 299 Park Ave, New York, NY, 10171, with a square footage of 28,045, was leased on May 13, 2019. The landlord, Fisher Brothers, successfully secured Bardin Hill Investment Partners as the tenant for the space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 299 Park Ave, New York, NY, 10171
- Market: New York
- Tenant: Bardin Hill Investment Partners
- Landlord: Fisher Brothers
- Square Feet: 28,045
- Tenant's REP: Not mentioned
- Landlord's REP: Neil V. King III - CBRE
Neil V. King III from CBRE represented the landlord, Fisher Brothers, in the leasing transaction with Bardin Hill Investment Partners taking up occupancy of the 28,045 square feet office space at 299 Park Ave, New York.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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