Bonafide Estate Leases 12000 SF At 48 W 38th St New York To Tenant Represented By Jared Freede
48 W 38th St, New York, NY, 10018
$52
$52/SF
Building Size
12,000 SF
Asset Type
—
Closing
Feb 16, 2016
AI
The property involved in the transaction is located at 48 W 38th St, New York, NY, 10018. It encompasses a total area of 12,000 square feet with a rent price of $52 per square foot. The market for this lease transaction is New York, and it is associated with Bonafide Estate as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 48 W 38th St, New York, NY, 10018
- Market: New York
- Square Feet: 12,000
- Rent/SF: 52
- Landlord: Bonafide Estate
- Tenant's Representative: Jared Freede (CBRE)
This transaction involved Jared Freede from CBRE representing the tenant in the lease agreement. The landlord for this property is Bonafide Estate, indicating the entities involved in this lease. Further specifics about the tenant were not provided in the context.
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
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93