Millennium Alliance Leases Office At 475 Park Ave S In New York
475 Park Ave S, New York, NY, 10016
$78
$78/SF
Building Size
10,000 SF
Asset Type
Office
Closing
Jun 5, 2017
About this deal
AI
The property at 475 Park Ave S, New York, NY, 10016 is an office building with 10,000 square feet of space. The lease for this property was signed on 06/05/2017 with a rental rate of $78 per square foot. The tenant, Millennium Alliance, was represented by Taylor Scheinman of CBRE, while the landlord is Cohen Brothers Realty Corporation.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: Millennium Alliance
- Tenant's Rep: Taylor Scheinman (CBRE)
- Landlord: Cohen Brothers Realty Corporation
- Market: New York
The key individuals involved in this lease transaction include the representative for the tenant, Taylor Scheinman from CBRE, and the landlord, Cohen Brothers Realty Corporation.
On the Map
$78
$78/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
203371.79%
Cash-on-Cash
-58124.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93