Bibhu Fashions Leases Commercial Space In Manhattan From The Kaufman Organization
212 W 35th St, New York, NY, 10001
$47
$47/SF
Building Size
1,470 SF
Asset Type
Commercial
Closing
Jul 9, 2019
AI
Located at 212 West 35th Street, between Seventh and Eighth Avenues in Manhattan, this commercial property encompasses 1,470 square feet. The lease deal for this space was finalized on 07/09/2019, with Bibhu Fashions as the tenant and The Kaufman Organization as the landlord. The agreed rent stands at $47 per square foot, amounting to an approximate annual rent of $69,090.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $69,090
- Tenant's Rep: Steven Marvin (Olmstead Properties)
- Landlord's Rep: Samuel (Sam) Hartstein (Gemstone Realty Group)
Steven Marvin from Olmstead Properties represented the tenant, Bibhu Fashions, in this lease agreement, while Samuel (Sam) Hartstein of Gemstone Realty Group acted as the landlord's representative, working on behalf of The Kaufman Organization. The deal was struck at a rate of $47 per square foot, securing a total annual rent of $69,090 for the commercial space at 212 West 35th Street in Manhattan.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
337510.64%
Cash-on-Cash
-96461.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93