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

PitchBook Data Leases Office At 315 Park Ave S, NY With Columbia Property Trust
LEASEDOffice

PitchBook Data Leases Office At 315 Park Ave S, NY With Columbia Property Trust

315 Park Ave S, New York, NY, 10010

$92

$92/SF

Building Size

34,100 SF

Asset Type

Office

Closing

Jan 11, 2018

AI

The office property located at 315 Park Ave S, New York, NY, 10010, was leased on 01/11/2018. The asset spans 34,100 square feet in the New York market, with a rental rate of $92 per square foot. The tenant, PitchBook Data, was represented by Samuel Spillane from CBRE, while the landlord in this transaction was Columbia Property Trust.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Tenant: PitchBook Data
  • Tenant's Rep: Samuel Spillane (CBRE)
  • Landlord: Columbia Property Trust
  • Rent/SF: $92
  • Square Feet: 34,100
  • Address: 315 Park Ave S, New York, NY, 10010
  • Market: New York

In this lease transaction, CBRE's Samuel Spillane acted as the tenant representative for PitchBook Data, securing the deal at 315 Park Ave S. Meanwhile, Columbia Property Trust represented the landlord's interests in the negotiation process.

Players

Samuel Spillane

CBRE

Broker

3 deals

Broker
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

172423.91%

Cash-on-Cash

-49279.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93