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345 Park Ave, New York, NY,...

Rudin Management Company Leases 80000 Sq Ft Office At 345 Park Ave, New York
LEASEDOffice

Rudin Management Company Leases 80000 Sq Ft Office At 345 Park Ave, New York

345 Park Ave, New York, NY, 10065

Building Size

80,000 SF

Asset Type

Office

Closing

Mar 11, 2021

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:

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.

Players

Thomas Keating

Rudin Management Company

Broker

3 deals

Broker
Rudin Management Company
Rudin Management CompanyLandlord

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