facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

99 Park Avenue

Geller Leases 45290 Square Feet Office Space At 99 Park Avenue New York City With Eyal Ofer As Landlord
LEASEDOffice

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:

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

Paul Glickman

JLL

Broker

28 deals

Broker
RE
Romanoff EquitiesBrokerage

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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