LEASED
Appleberry Parts Inc. Leases Office Space At 109 West 38th St In Midtown Manhattan
Building Size
—
Asset Type
—
Closing
May 25, 2020
About this deal
AI
Appleberry Parts Inc. has leased a space at 109 West 38th St in Midtown. The office space spans 525 square feet and the asking rent for the lease was $40 per square foot.
Summary of transaction details
- Property Type: Office
- Tenant: Appleberry Parts Inc.
- Landlord: Levi Silberstein
- BROKERS: Michael Gammal – Leviathan Lessing & Richard Bailey – KSR
- Market: Midtown
- Address: 109 West 38th St
- Asking Rent: $40
- SF: 525
The lease deal was facilitated by the brokers, Michael Gammal from Leviathan Lessing and Richard Bailey from KSR.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · 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