Permanens Capital Partners Leases 4191 Square Feet At 410 Park Ave New York From Global Holdings Management Group
410 Park Ave, New York, NY, 10022
Building Size
4,191 SF
Asset Type
Office
Closing
Jul 21, 2021
AI
A lease transaction has been completed involving the property located at 410 Park Ave, New York, NY, 10022. The property encompasses 4,191 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Permanens Capital Partners
- Landlord: Global Holdings Management Group
- Tenant's Representative: Derrick Ades - CBRE
The deal showcases the collaboration between Permanens Capital Partners and Global Holdings Management Group. Derrick Ades from CBRE represented the tenant in this transaction, highlighting the roles of the involved parties in facilitating the lease agreement.
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