SL Green Realty Corp. Leases 52,959 Square Feet At 304 W 34th St New York With Jason Gorman As Tenant's Rep
304 W 34th St, New York, NY, 10001
$70
$70/SF
Building Size
52,959 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this lease transaction is located at 304 W 34th St, New York, NY, 10001. The lease is valued at a rent of $70 per square foot for a total area of 52,959 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $3,707,130
- Address: 304 W 34th St, New York, NY, 10001
- Square Feet: 52,959
- Market: New York
- Landlord: SL Green Realty Corp.
- Tenant's Rep: Jason Gorman-CBRE
- Landlord's Rep: David Amsterdam-SL Green Realty Corp.
This deal showcases the involvement of notable real estate professionals, with Jason Gorman representing the tenant and David Amsterdam representing SL Green Realty Corp., the landlord. Their expertise contributed to facilitating this lease transaction in a competitive market environment.
On the Map
$70
$70/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93