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

Updated Dec 4, 2024

Fleischman: A Men’s Salon Leases 1145 SF Office Space In New York
LEASEDOffice

Fleischman: A Men’s Salon Leases 1145 SF Office Space In New York

381 Park Ave S, New York, NY, 10016

Building Size

1,145 SF

Asset Type

Office

Closing

Dec 28, 2018

About this deal

AI

The property at 381 Park Ave S, New York, NY, 10016, is an office building with a total of 16,022 square feet leased out in various transactions. One of the recent leases involved Fleischman: A Men’s Salon, leasing 1,145 square feet on a portion of the 8th floor. The salon, specializing in men’s haircuts and grooming, was founded by local stylist Erica Fleischman in 2007.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Tenant: Fleischman: A Men’s Salon
  • Tenant's Rep: Lance Weitz(J.F.W. Realty Corp.)
  • Landlord: ATCO Properties & Management
  • Address: 381 Park Ave S, New York, NY, 10016
  • Market: New York

The leasing transaction involving Fleischman: A Men’s Salon at 381 Park Avenue South was represented by Lance Weitz from J.F.W. Realty Corp. The landlord, ATCO Properties & Management, was represented by William Carr and John Cinosky of ATCO Brokerage Services, signaling a collaboration between local stylists and property management experts in bringing this deal to fruition.

Players

Lance Weitz

J.F.W. Realty Corp.

Broker

1 deal

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

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