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

Criteo Leases 20000 Square Feet At 387 Park Ave S New York From TF Cornerstone
LEASEDOffice

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:

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

Matthew Leonelli

Broker

$11.7M

vol

12 deals

Broker
TF Cornerstone
TF CornerstoneLender
TF Cornerstone
TF CornerstoneLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93