SOLD
Jay Conference Signs Lease At 104 W. 40th St. In New York's Office Market With Landlord Park House
104 W. 40th St.
Building Size
—
Asset Type
—
Closing
Aug 1, 2022
About this deal
AI
The office building located at 104 W. 40th St. in New York has been leased. The property, owned by Park House and represented by Ronen Ben Joseph, has a total square footage of 40,000. The tenant, Jay Conference, will occupy the space.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Asking Rent: $60/ft.
- Market: New York
- Landlord: Ronen Ben Joseph - Park House
- Tenant: Jay Conference
- Broker: Charles Shamesh - Norman & Bobrow
Charles Shamesh from Norman & Bobrow represented Jay Conference as their broker in this lease deal.
On the Map
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93