LaunchSquad Leases 8327 Square Feet At 373 Park Ave S New York From ATCO Properties & Management
373 Park Ave S, New York, NY, 10154
Building Size
8,327 SF
Asset Type
Office
Closing
May 6, 2019
About this deal
AI
The lease involves a commercial property located at 373 Park Ave S, New York, NY, 10154. It encompasses a total area of 8,327 square feet within the New York market. The landlord for this transaction is ATCO Properties & Management.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: LaunchSquad
- Tenant's Representative: John M. Lizzul - Newmark Knight Frank
- Landlord: ATCO Properties & Management
- Square Feet: 8327
This transaction highlights the involvement of John M. Lizzul, who represents the tenant LaunchSquad in this lease agreement, facilitating the arrangement with ATCO Properties & Management as the landlord.
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