Desman Inc. Leases 8160 Square Feet At 3 W 35th St New York With BLDG Management Corp
3 W 35th St, New York, NY, 10001
Building Size
8,160 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this lease transaction is located at 3 W 35th St, New York, NY, 10001. The space encompasses 8,160 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Desman Inc.
- Landlord: BLDG Management Corp.
- Tenant's Representative: Brett Maslin
- Landlord's Representative: Joseph Mangiacotti (CBRE)
This transaction highlights the involvement of key representatives with Brett Maslin acting as the representative for the tenant Desman Inc. Meanwhile, Joseph Mangiacotti of CBRE represented the landlord, BLDG Management Corp., facilitating the lease agreement.
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