Geller Leases 45290 Square Feet Office Space At 99 Park Avenue New York City With Eyal Ofer As Landlord
99 Park Avenue
Building Size
45,290 SF
Asset Type
Office
Closing
Mar 27, 2025
AI
The asset involved in the transaction is an office space located at 99 Park Avenue in New York City. The total square footage of the property is 45,290.0. The landlord for the lease is Eyal Ofer, representing Global Holdings Management Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 99 Park Avenue
- Market: New York City
- Square Feet: 45,290.0
- Tenant: Geller
- Landlord: Eyal Ofer - Global Holdings Management Group
- Tenant's Representative: Bryan Boisi (Cushman & Wakefield), Stuart Romanoff
- Landlord's Representatives: Alexander Radmin (Global Holdings Management Group), Diana Biasotti (JLL), Harrison Potter (JLL), Paul Glickman (JLL), Kristen Morgan (JLL)
- Lease Date: 03/27/2025
This transaction involves multiple representatives who played key roles. The tenant is represented by Bryan Boisi from Cushman & Wakefield and Stuart Romanoff. On the landlord side, the representatives include Alexander Radmin from Global Holdings Management Group and a team from JLL consisting of Diana Biasotti, Harrison Potter, Paul Glickman, and Kristen Morgan.
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