Brigade Capital Management Leases 37430 Square Feet At 399 Park Ave New York From Boston Properties
399 Park Ave, New York, NY, 10022
Building Size
37,430 SF
Asset Type
Office
Closing
Jan 31, 2019
AI
The property involved in this transaction is located at 399 Park Ave, New York, NY, 10022. It comprises a total square footage of 37,430 in the New York market. The landlord for this lease is Boston Properties.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 399 Park Ave, New York, NY, 10022
- Market: New York
- Tenant: Brigade Capital Management
- Landlord: Boston Properties
- Tenant's Representative: Conor Denihan (CBRE)
- Square Feet: 37,430
The transaction involved Brigade Capital Management as the tenant, represented by Conor Denihan from CBRE. Boston Properties acted as the landlord in this lease agreement, securing the property for the tenant's use.
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