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

Blink Fitness Leases 13121 Square Feet At 386 Park Ave S From Viacom With CBRE's Evan Fiddle
LEASEDOffice

Blink Fitness Leases 13121 Square Feet At 386 Park Ave S From Viacom With CBRE's Evan Fiddle

386 Park Ave S, New York, NY, 10016

Building Size

13,121 SF

Asset Type

Office

Closing

May 13, 2016

AI

The lease transaction involves a property located at 386 Park Ave S, New York, NY, 10016, within the New York market. The property encompasses a total area of 13,121 square feet. The landlord is Viacom, and the tenant is Blink Fitness.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 386 Park Ave S, New York, NY, 10016
  • Market: New York
  • Square Feet: 13,121
  • Tenant: Blink Fitness
  • Landlord: Viacom
  • Tenant's Representative: Evan Fiddle-CBRE

The lease was facilitated by Evan Fiddle of CBRE, representing Blink Fitness in the transaction. Viacom, as the landlord, engaged in this lease agreement with the tenant to occupy the specified space at the address mentioned.

Players

Evan Fiddle

CBRE

Broker

13 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
JLL
JLLBrokerage

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