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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 315 Park Ave S, New York, NY, 10010
- Market: New York
- Tenant: BDG Media
- Landlord: Columbia Property Trust
- Square Feet: 17,050
- Tenant's Representatives: Michael Rosenblum (Berkshire Hathaway HomeServices), Jonathan Tootell (Transwestern)
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
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