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315 Park Ave S, New York, N...

BDG Media Leases 17050 Square Feet At 315 Park Ave S New York From Columbia Property Trust
LEASEDOffice

BDG Media Leases 17050 Square Feet At 315 Park Ave S New York From Columbia Property Trust

315 Park Ave S, New York, NY, 10010

Building Size

17,050 SF

Asset Type

Office

Closing

Apr 26, 2018

AI

The property involved in this transaction is located at 315 Park Ave S, New York, NY, 10010. It is situated in the New York market and encompasses 17,050 square feet. The transaction is a lease agreement executed between BDG Media as the tenant and Columbia Property Trust as the landlord.

Summary of transaction details:

The key individuals involved in this lease transaction include the tenant BDG Media and the landlord Columbia Property Trust. The representatives for the tenant are Michael Rosenblum from Berkshire Hathaway HomeServices and Jonathan Tootell from Transwestern, who facilitated the deal on behalf of their client.

Players

Michael Rosenblum

Berkshire Hathaway HomeServices

Broker

$10.4M

vol

4 deals

Broker
JLL
JLLBrokerage
Columbia Property Trust
Columbia Property TrustLandlord

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