China CITIC Bank International Leases 14278 Square Feet At 410 Park Ave, New York
410 Park Ave, New York, NY, 10022
Building Size
14,278 SF
Asset Type
Office
Closing
Jul 28, 2022
About this deal
AI
The property asset involved in the transaction is a lease located at 410 Park Ave, New York, NY, 10022. The total area of the property is 14,278 square feet. It is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 410 Park Ave, New York, NY, 10022
- Square Feet: 14,278
- Tenant: China CITIC Bank International
- Landlord: Global Holdings Management Group
- Tenant's Representatives: Clyde Reetz from CBRE, Gregg Cohen from Cresa
The transaction involves key representatives including Clyde Reetz, representing CBRE and Gregg Cohen from Cresa, who are acting on behalf of the tenant, China CITIC Bank International, in the lease arrangement with the landlord, Global Holdings Management Group.
On the Map
Office
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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