Wealth-X, LLC Leases 3000 Square Feet At 29 W 30th St, New York With Tenant's Reps Christopher Cortese, James Rittman, Jason Lundy
29 W 30th St, New York, NY, 10001
Building Size
3,000 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property is located at 29 W 30th St, New York, NY, 10001, situated in the New York market. It encompasses a total area of 3,000 square feet. The landlord of this property is Wealth-X, LLC.
Summary of transation details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 29 W 30th St, New York, NY, 10001
- Market: New York
- Square Feet: 3000
- Tenant's Representatives: Christopher Cortese - Newmark Grubb Knight Frank, James Rittman - Newmark Knight Frank, Jason Lundy - JLL
- Broker: Eric Ferriello
- Landlord: Wealth-X, LLC
The transaction involves multiple representatives for the tenant, including Christopher Cortese, James Rittman, and Jason Lundy, indicating a collaborative effort in securing this lease. Eric Ferriello acted as the broker for this transaction.
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