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16-18 West 36th Street

OnSite IQ Leases Office Space At 16-18 West 36th Street In Midtown
LEASEDOffice

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

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker

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