David Sherr Of One William Street Capital Management Expands Office Lease At 299 Park Avenue
299 Park Avenue
Building Size
44,754 SF
Asset Type
Office
Closing
Jun 2, 2025
AI
The asset involved in this context is an office space located at 299 Park Avenue in Midtown East, encompassing a total square footage of 44,754. The property is part of a 44-story office tower. One William Street Capital Management recently expanded its footprint at this location by 15,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 299 Park Avenue
- Market: Midtown East
- Landlord: Winston Fisher - Fisher Brothers
- Tenant: David Sherr - One William Street Capital Management
- Landlord's Representatives: Andrew Sachs, David Falk, Eric Cagner & Peter Shimkin - Newmark; Clark Briffel & Marc Packman - Fisher Brothers
- Tenant's Representatives: Andrew Sussman, Lewis Gottlieb, Scott Gottlieb & Ben Friedman - CBRE
Winston Fisher of Fisher Brothers is the landlord, while David Sherr represents the tenant, One William Street Capital Management. The deal involved multiple representatives from both the landlord and tenant sides, showcasing a collaborative effort in leasing the office space.
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