Ziho Tattoo Signs Lease For Office Space In Midtown Manhattan
7 West 36th Street
$35
$35/SF
Building Size
5,200 SF
Asset Type
—
Closing
Feb 8, 2023
AI
An office space located at 7 West 36th Street in New York City has been leased. The property, spanning 5,000 square feet, was leased by Ziho Tattoo. The lease transaction was facilitated by brokers Christopher Okada and Hiro Iwata from Okada & Company. The office space was leased from the landlord, Empire Real Estate, at an asking rent of $35 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 7 West 36th Street
- Market: New York City
- Tenant: Ziho Tattoo
- Brokers: Christopher Okada & Hiro Iwata - Okada & Company
- Asking Rent: $35/ft
- SF: 5,000
Christopher Okada and Hiro Iwata from Okada & Company represented Ziho Tattoo as their brokers in this lease deal.
It's worth noting that Christopher Okada shared a positive message, expressing optimism for the future despite the challenges faced. He encouraged others to keep pushing forward, emphasizing the significance of every deal made. The leasing team at Okada & Company is based in Midtown Manhattan.
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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93