Tenant Marcus Magarian Of Oxford Properties Group Leases 3775 SF At 39 W 31st St New York
39 W 31st St, New York, NY, 10001
$45
$45/SF
Building Size
3,775 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property located at 39 W 31st St, New York, NY, 10001 is in the New York market with a total area of 3,775 square feet. The rent per square foot is set at $45, and the landlord for this lease is Roosevelt Lee 38 LLC.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 39 W 31st St, New York, NY, 10001
- Market: New York
- Tenant's Representative: Marcus Magarian
- Tenant's Representative Agency: Oxford Properties Group
- Landlord: Roosevelt Lee 38 LLC
- Rent/SF: $45
- Square Feet: 3,775
Marcus Magarian of Oxford Properties Group represented the tenant in this lease transaction, negotiating on behalf of the tenant with the landlord, Roosevelt Lee 38 LLC. This deal highlights the involvement of key players in the leasing process within the competitive New York market.
On the Map
$45
$45/SF
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93