Elie Reiss Of Skylight Leasing Represents Tenant In Lease At 379 Park Ave S, New York
379 Park Ave S, New York, NY, 10016
Building Size
8,732 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 379 Park Ave S, New York, NY, 10016. It encompasses a total area of 8,732 square feet and is situated within the New York market. The landlord for this property is ATCO Properties.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 379 Park Ave S, New York, NY, 10016
- Market: New York
- Square Feet: 8732
- Landlord: ATCO Properties
- Tenant's Representative: Elie Reiss - Skylight Leasing
The lease transaction involves key representation by Elie Reiss of Skylight Leasing, acting on behalf of the tenant. ATCO Properties serves as the landlord in this deal, facilitating the leasing arrangement on the property at 379 Park Ave S.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · 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