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
About this deal
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.
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