Robins Kaplan Leases 38000 Square Feet At 399 Park Ave New York From Arnold & Porter Kaye Scholer
399 Park Ave, New York, NY, 10022
Building Size
38,000 SF
Asset Type
Office
Closing
Feb 24, 2017
AI
The property involved in this transaction is located at 399 Park Ave, New York, NY, 10022. It comprises 38,000 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 399 Park Ave, New York, NY, 10022
- Square Feet: 38,000
- Tenant: Robins Kaplan
- Landlord: Arnold & Porter Kaye Scholer
- Tenant's Representatives: Ken Rapp (CBRE), Christopher Corrinet (CBRE)
- Landlord's Representative: Greg Maurer-Hollaender (CBRE)
- Brokers: Craig Reicher (CBRE)
This lease transaction features key players from CBRE, with Ken Rapp and Christopher Corrinet representing the tenant, Robins Kaplan, while Greg Maurer-Hollaender represents the landlord, Arnold & Porter Kaye Scholer. Craig Reicher from CBRE acted as the broker in this deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93