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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: Colortree US
- Landlord: 231/249 West 39 Street Associates
- Tenant's Representative: Brian Katz - Katz & Associates Real Estate Advisors
- Landlord's Representatives: James Buslik - Adams & Company, Jeffrey Buslik - Adams & Co.
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
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