facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

299 Park Avenue

David Sherr Of One William Street Capital Management Expands Office Lease At 299 Park Avenue
LEASEDOffice

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

David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker

Peter Shimkin

Newmark

Broker

$10M

vol

33 deals

Broker
Winston Fisher

Winston Fisher

Fisher Brothers

Landlord

$1.6B

vol

18 deals

Landlord
One William Street Capital Management
One William Street Capital ManagementTenant

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