Rudin Management Company Leases 80000 Sq Ft Office At 345 Park Ave, New York
345 Park Ave, New York, NY 10022
Building Size
80,000 SF
Asset Type
Office
Closing
Mar 11, 2021
About this deal
AI
The office property located at 345 Park Ave, New York, NY, 10065, boasts 80,000 square feet of space. It is situated in the bustling market of New York and is owned by Rudin Management Company, with Tom Keating representing the landlord's interests in the lease transaction completed on 03/11/2021.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Landlord: Rudin Management Company
- Landlord's Representative: Tom Keating (Rudin Management Company)
The lease agreement for the 80,000 square feet office space at 345 Park Ave was successfully brokered by Tom Keating from Rudin Management Company, representing the landlord's side in the deal.
On the Map
Office
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Players
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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