Pumpkin Pet Insurance Leases 10000 Square Feet At 424 Park Ave S New York From Samco Properties
424 Park Ave S, New York, NY, 10016
Building Size
10,000 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The lease transaction involves a property located at 424 Park Ave S, New York, NY, 10016, covering a total area of 10,000 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 424 Park Ave S, New York, NY, 10016
- Market: New York
- Square Feet: 10,000
- Tenant: Pumpkin Pet Insurance
- Landlord: Samco Properties
- Tenant's Representatives: Lee Doyle, Jeffrey Rosenblatt (Lincoln Property Co)
- Landlord's Representative: Brett Harvey (JLL)
The key individuals involved in the transaction include representatives from Lincoln Property Company for the tenant, and JLL for the landlord, facilitating the lease agreement between Pumpkin Pet Insurance and Samco Properties.
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