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399 Park Ave, New York, NY,...

Robins Kaplan Leases 38000 Square Feet At 399 Park Ave New York From Arnold & Porter Kaye Scholer
LEASEDOffice

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

Timothy Dempsey

CBRE

Broker

4 deals

Broker

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