Briarcliffe Credit Partners Leases 5177 Square Feet From Tishman Speyer At 300 Park Ave
300 Park Ave, New York, NY, 10022
Building Size
5,177 SF
Asset Type
Office
Closing
Oct 21, 2021
AI
The property involved in this transaction is located at 300 Park Ave, New York, NY, 10022. It spans a total of 5,177 square feet and is situated in the New York market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 300 Park Ave, New York, NY, 10022
- Square Feet: 5,177
- Tenant: Briarcliffe Credit Partners
- Landlord: Tishman Speyer
- Tenant's Representative: Fred Smith
This transaction features key participants including the tenant, Briarcliffe Credit Partners, and the landlord, Tishman Speyer. Fred Smith represents the tenant in this deal, facilitating the lease arrangement.
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