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7 West 36th Street

Ziho Tattoo Signs Lease For Office Space In Midtown Manhattan
LEASED

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

Christopher Okada

Okada & Company

Broker

$352.8M

vol

86 deals

Broker

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