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
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