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25 W 39th St, New York, NY,...

The Squash Center Leases 13400 SF At 25 W 39th St New York Represented By Ellen Herman And Allison Buck
LEASEDCommercial

The Squash Center Leases 13400 SF At 25 W 39th St New York Represented By Ellen Herman And Allison Buck

25 W 39th St, New York, NY, 10018

$65

$65/SF

Building Size

13,400 SF

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 25 W 39th St, New York, NY, 10018. The asset has a rental rate of $65 per square foot and encompasses a total area of 13,400 square feet. The transaction is situated within the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: $65 per square foot
  • Square Feet: 13,400
  • Address: 25 W 39th St, New York, NY, 10018
  • Market: New York
  • Tenant: The Squash Center
  • Landlord: Thor Equities
  • Tenant's Representative: Ellen Herman (JLL), Allison Buck (Savills)
  • Landlord's Representative: Jonathan Scheinberg (Thor Equities)

This deal involves key representatives: Ellen Herman and Allison Buck act on behalf of the tenant, The Squash Center, while Jonathan Scheinberg represents the landlord, Thor Equities. Their involvement underscores the collaborative effort in finalizing the transaction.

Players

Ellen Herman

JLL

Broker

2 deals

Broker
Thor Equities
Thor EquitiesLandlord

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93