Heidell, Pittoni, Murphy & Bach Leases 20,431 Square Feet At 99 Park Ave, New York
99 Park Ave, New York, NY, 10016
Building Size
20,431 SF
Asset Type
Office
Closing
Aug 12, 2021
AI
The property involved in this lease transaction is located at 99 Park Ave, New York, NY, 10016. The asset encompasses a total of 20,431 square feet, situated within the New York market. The landlord in this transaction is Eastgate Realty.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 99 Park Ave, New York, NY, 10016
- Square Feet: 20,431
- Landlord's Representative: Craig Panzirer (Global Holdings Management Group)
- Tenant: Heidell, Pittoni, Murphy & Bach
Craig Panzirer represented Eastgate Realty as the landlord's representative in this lease agreement, effectively facilitating the transaction between the landlord and the tenant, Heidell, Pittoni, Murphy & Bach.
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