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

Brigade Capital Management Leases 37430 Square Feet At 399 Park Ave New York From Boston Properties
LEASEDOffice

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

Ryan Alexander

CBRE

Broker

20 deals

Broker
Boston Properties
Boston PropertiesLandlord

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