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475 Park Ave S, New York, N...

Millennium Alliance Leases Office At 475 Park Ave S In New York
LEASEDOffice

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

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.

Players

Taylor Scheinman

CBRE

Broker

6 deals

Broker

Cohen Brothers

Cohen Brothers Realty

Landlord

15 deals

Landlord

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

203371.79%

Cash-on-Cash

-58124.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93