facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

373 Park Avenue

ATCO Properties & Management Leases 8732 SF At 373-381 Park Avenue South For $55/SF
LEASEDOffice

ATCO Properties & Management Leases 8732 SF At 373-381 Park Avenue South For $55/SF

373 Park Avenue & 381 Park Avenue South

$55

$55/SF

Building Size

17,464 SF

Asset Type

Office

Closing

May 6, 2016

AI

The property involved in this transaction is located at 373 - 381 Park Avenue South, New York. The lease agreement is for a total square footage of 8,732 and is priced at $55 per square foot.

Summary of transaction details:

The transaction features notable involvement from various representatives in the leasing process. Kirill Azovtsev, Davie Berke, and James (Jim) Wenk played key roles as tenant's representatives, while John Cinosky acted on behalf of ABS Partners Real Estate as the broker for the deal.

Players

Kirill Azovtsev

Savills

Broker

$10.3M

vol

28 deals

Broker
ATCO Properties & Management
ATCO Properties & ManagementBrokerage
ATCO Properties & Management
ATCO Properties & ManagementLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93