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
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
417447.37%
Cash-on-Cash
-119307.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93