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232 W 44th St, New York, NY...

Gulliver’s Gate Leases 49,000 Sq Ft Space At 232 W 44th St, New York
LEASED

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

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.

Players

Lon Rubackin

CBRE

Broker

$23M

vol

5 deals

Broker
Kushner Companies
Kushner CompaniesLandlord

New York 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