OnSite IQ Leases Office Space At 16-18 West 36th Street In Midtown
16-18 West 36th Street
$49
$49/SF
Building Size
3,500 SF
Asset Type
Office
Closing
Aug 1, 2022
AI
The office building located at 16-18 West 36th Street in Midtown has been leased in a recent transaction. The property, owned by Kiamie Industries and represented by Don Kiamie, has been leased to OnSite IQ. The lease deal was facilitated by Matthew DeRose and William Janetschek from Nomad Group, serving as the tenant's representatives, and Brett Weiss from Resolution Real Estate Partners, acting as the landlord's representative. The asking rent for the 3,500 square foot space was $49 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 16-18 West 36th Street
- Market: Midtown
The lease agreement at 16-18 West 36th Street was made between Kiamie Industries, represented by Don Kiamie, and OnSite IQ. Matthew DeRose and William Janetschek, from Nomad Group, served as the tenant's representatives in the deal. Brett Weiss, from Resolution Real Estate Partners, represented Kiamie Industries as the landlord's representative. The lease was signed for a 3,500 square foot space at an asking rent of $49 per square foot.
Players
Baltimore 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
323734.69%
Cash-on-Cash
-92524.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93