facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

All

/

Lease

/

318 W 39th St, New York, NY...

DFA New York Leases 13500 Square Feet At 318 W 39th St New York From Newmark Holdings
LEASED

DFA New York Leases 13500 Square Feet At 318 W 39th St New York From Newmark Holdings

318 W 39th St, New York, NY, 10018

$38

$38/SF

Building Size

13,500 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this lease transaction is located at 318 W 39th St, New York, NY, in the New York market. The property has a rental rate of $38 per square foot and encompasses a total area of 13,500 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 318 W 39th St, New York, NY, 10018
  • Market: New York
  • Tenant: DFA New York
  • Landlord: Newmark Holdings
  • Tenant's Representative: Jordan Brustein (Ackman-Ziff)
  • Rent/SF: $38
  • Square Feet: 13,500

This transaction showcases the involvement of key representatives, including Jordan Brustein from Ackman-Ziff, who acted on behalf of the tenant, DFA New York, while Newmark Holdings served as the landlord in this deal.

Players

Jordan Brustein

Ackman-Ziff

Broker

$153.4M

vol

4 deals

Broker
NH
Newmark HoldingsLandlord

New York CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

417447.37%

Cash-on-Cash

-119307.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93