Richmond Hill Investment Company Leases 4438 Square Feet At 381 Park Ave S In New York
381 Park Ave S, New York, NY, 10016
Building Size
4,438 SF
Asset Type
Office
Closing
Aug 18, 2021
About this deal
AI
The property involved in this transaction is located at 381 Park Ave S, New York, NY, 10016. It encompasses a total area of 4,438 square feet, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: Richmond Hill Investment Company
- Landlord: ATCO Properties & Management
- Tenant's Representative: Evan Fiddle - CBRE
- Landlord's Representative: John Cinosky - ABS Partners Real Estate
This transaction features strategic representation from both tenant and landlord sides, with Evan Fiddle acting for the tenant, Richmond Hill Investment Company, while John Cinosky represents the landlord, ATCO Properties & Management.
On the Map
Office
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93