David Werner Secures Tenant Reps For 46,000 Sq Ft Lease In New York
131 E 41st St, New York, NY, 10017
Building Size
46,000 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property located at 131 E 41st St, New York, NY, 10017, in the New York market, spans 46,000 square feet. The lease transaction involved in this deal was facilitated between the tenant's representatives Leon Manoff from Colliers International, Michael Cohen from Newmark, and Robert Goodman from Cresa, and the landlord, David Werner.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Tenant's Rep: Leon Manoff - Colliers International
- Tenant's Rep: Michael Cohen - Newmark
- Tenant's Rep: Robert Goodman - Cresa
- Landlord: David Werner
- Square Feet: 46,000
In this lease transaction, Leon Manoff from Colliers International, Michael Cohen from Newmark, and Robert Goodman from Cresa acted as the tenant's representatives for the 46,000 square feet property located at 131 E 41st St, New York, NY, 10017. The landlord involved in this deal was David Werner.
Players
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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