Amigo Leases Office Space At 373 Park Avenue South For $65 Per Sq Ft In Manhattan
373 Park Avenue South
$65
$65/SF
Building Size
9,043 SF
Asset Type
Office
Closing
Jun 2, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 373 Park Avenue South in Manhattan. The space encompasses 9,043 square feet and operates under a Modified Gross Lease with an asking rent of $65 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $588,795
- Address: 373 Park Avenue South
- Market: Manhattan
- Landlord: Olmstead Properties
- Tenant: Amigo
- Tenant's Representatives: Zoe Snow, Daria Ghasemi & Ben Waller - ABS Partners Real Estate
- Lease Type: Modified Gross Lease
The ABS team, comprising Zoe Snow, Daria Ghasemi, and Ben Waller, facilitated the relocation for Amigo after the tenant outgrew their previous office on 24th street within just eight months. Their expertise in tenant representation was pivotal in securing the new office space.
On the Map
$65
$65/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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93