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3 W 35th St, New York, NY, ...

Desman Inc. Leases 8160 Square Feet At 3 W 35th St New York With BLDG Management Corp
LEASED

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

Brett Maslin

Broker

7 deals

Broker
B
BLDGLandlord

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