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381 Park Ave S, New York, N...

Richmond Hill Investment Company Leases 4438 Square Feet At 381 Park Ave S In New York
LEASEDOffice

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

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:

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.

Players

Evan Fiddle

CBRE

Broker

13 deals

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

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