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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse New York office leases on Traded.
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