Criteo Leases 20000 Square Feet At 387 Park Ave S New York From TF Cornerstone
387 Park Ave S, New York, NY, 10016
Building Size
20,000 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 387 Park Ave S, New York, NY, 10016. It is situated in the New York market and encompasses a total square footage of 20,000. The lease transaction was between the tenant and the landlord without disclosing any transaction amount.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Feet: 20,000
- Tenant: Criteo
- Landlord: TF Cornerstone
- Tenant's Representative: Dirk Hrobsky - Cushman & Wakefield
- Landlord's Representatives: Matthew Leon - Newmark, Matthew Leonelli
This lease transaction involved Criteo as the tenant, represented by Dirk Hrobsky from Cushman & Wakefield. TF Cornerstone acted as the landlord, with representation from Matthew Leon and Matthew Leonelli from Newmark.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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