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212 W 35th St, New York, NY...

Bibhu Fashions Leases Commercial Space In Manhattan From The Kaufman Organization
LEASEDCommercial

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:

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

Steven Marvin

Olmstead Properties

Broker

9 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Steven Kaufman

Steven Kaufman

Kaufman Organization

Landlord

$78M

vol

6 deals

Landlord

New York Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

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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