Orchard Platform Signs Lease At 386 Park Ave S New York With HSR Corp As Landlord
386 Park Ave S, New York, NY, 10016
$70
$70/SF
Building Size
26,242 SF
Asset Type
Office
Closing
Jun 13, 2016
AI
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.
Players
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93