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
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