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249 W 39th St, New York, NY...

Colortree US Leases 4716 Square Feet At 249 W 39th St In New York With Tenant's Rep Brian Katz
LEASED

Colortree US Leases 4716 Square Feet At 249 W 39th St In New York With Tenant's Rep Brian Katz

249 W 39th St, New York, NY, 10018

Building Size

4,716 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 249 W 39th St, New York, NY, 10018, in the New York market. The total square footage of the asset is 4,716 square feet. The landlord for this lease transaction is 231/249 West 39 Street Associates.

Summary of transation details:

The key individuals involved in this deal include Brian Katz, representing the tenant Colortree US, and James Buslik along with Jeffrey Buslik, representing the landlord. Their roles illustrate the representation of both parties in the lease transaction at this location.

Players

Jeff Buslik

Adams & Company

Broker

14 deals

Broker
WA
West 39 Street AssociatesLandlord

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