Handler Real Estate Organization Leases 6000 Square Feet At 315 W 39th St New York
315 W 39th St, New York, NY, 10018
Building Size
6,000 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this closed transaction is located at 315 W 39th St, New York, NY, 10018, comprising 6000 square feet. The lease is set in the New York market and involves Handler Real Estate Organization as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 315 W 39th St, New York, NY, 10018
- Square Feet: 6000
- Landlord: Handler Real Estate Organization
- Landlord's Representative: Darell Handler, Helen Kim-Handler Real Estate Organization
This transaction involved key representatives from the Handler Real Estate Organization, with Darell Handler and Helen Kim serving as the landlord's representatives in the deal. Distinct roles were played in facilitating the lease agreement for the specified property.
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