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304 W 34th St, New York, NY...

SL Green Realty Corp. Leases 52,959 Square Feet At 304 W 34th St New York With Jason Gorman As Tenant's Rep
LEASED

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

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.

Players

David Amsterdam

SL Green

Broker

1 deal

Broker
SL Green
SL GreenLandlord

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93