Orchard Platform Signs Lease At 386 Park Ave S New York With HSR Corp As Landlord
LEASED
$70
+ 2
New York
See Similar DealsOffice26,242 SF
Leased 06/13/2016
LEASED
Orchard Platform Signs Lease At 386 Park Ave S New York With HSR Corp As Landlord
386 Park Ave S, New York, NY, 10016
See Similar DealsOffice26,242 SF
Leased 06/13/2016
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$70
Total Square Footage:26,242 SF
Transaction Type:Lease
The property involved in this transaction is located at 386 Park Ave S, New York, NY, 10016. It is situated in the New York market, featuring a total lease area of 26,242 square feet with a rent price of $70 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 386 Park Ave S, New York, NY, 10016
- Market: New York
- Tenant: Orchard Platform
- Landlord: HSR Corp.
- Tenant's Representative: Christie Bennet (Newmark Grubb Knight Frank)
- Landlord's Representatives: David Falk (Newmark), Jonathan Franzel (Newmark)
- Brokers: Eric Cagner (Newmark)
The deal involves key professionals from Newmark representing both the tenant and landlord. Christie Bennet plays a crucial role in representing Orchard Platform, while David Falk and Jonathan Franzel represent HSR Corp. Eric Cagner is also involved in the brokerage for this transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,105,845.85
Total Lease Value
$21,058,458.46
Net Landlord Cash Flow$2,105,845.85
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