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

Michael Pinney Of Signature Partners Represents Tenant In Office Lease At 381 Park Ave S, New York
LEASEDOffice

Michael Pinney Of Signature Partners Represents Tenant In Office Lease At 381 Park Ave S, New York

381 Park Ave S, New York, NY, 10016

Building Size

14,000 SF

Asset Type

Office

Closing

May 14, 2019

AI

The office property located at 381 Park Ave S, New York, NY, 10016, in the bustling market of New York, encompasses 14,000 square feet. The lease for this property was signed on 05/14/2019, with Signature Partners representing the tenant and Williams Lea Tag as the landlord.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant's Rep: Michael Pinney (Signature Partners)
  • Landlord: Williams Lea Tag
  • Address: 381 Park Ave S, New York, NY, 10016
  • Market: New York
  • Square Feet: 14,000

The individuals involved in this lease transaction were Michael Pinney from Signature Partners, representing the tenant, and the landlord, Williams Lea Tag. The deal showcased the collaboration of these key individuals and companies in the successful leasing of the office space.

Players

Michael Pinney

Signature Partners

Broker

2 deals

Broker

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