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410 Park Ave, New York, NY,...

China CITIC Bank International Leases 14278 Square Feet At 410 Park Ave, New York
LEASEDOffice

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

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.

Players

Gregg Cohen

Cresa

Broker

3 deals

Broker
JLL
JLLBrokerage

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