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

Orchard Platform Signs Lease At 386 Park Ave S New York With HSR Corp As Landlord
LEASEDOffice

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

David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
HC
HSR Corp.Landlord

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