Gulliver’s Gate Leases 49,000 Sq Ft Space At 232 W 44th St, New York
232 W 44th St, New York, NY, 10036
Building Size
49,000 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property at 232 W 44th St, New York, NY, 10036, boasting 49,000 square feet, was involved in a lease transaction. The landlord, Kushner Companies, leased the space to the tenant Gulliver’s Gate, in the vibrant market of New York. Lon Rubackin from CBRE represented the landlord in this deal.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Landlord's Representative: Lon Rubackin(CBRE)
- Tenant: Gulliver’s Gate
- Landlord: Kushner Companies
- Square Feet: 49,000
The lease transaction at 232 W 44th St involved the tenant Gulliver’s Gate and the landlord's representative, Lon Rubackin from CBRE. The deal signifies a successful leasing agreement in the sought-after market of New York, demonstrating the commercial real estate activity in the region.
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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