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
About this deal
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.
On the Map
Office
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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