facebook

traded

+ Submit
Home

/

Deals

/

New York

/

All

/

Lease

/

48 W 38th St, New York, NY,...

Bonafide Estate Leases 12000 SF At 48 W 38th St New York To Tenant Represented By Jared Freede
LEASED

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

Jared Freede

CBRE

Broker

14 deals

Broker

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

305057.69%

Cash-on-Cash

-87186.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93