Or Dalu Leases Office Space At 50 West 47th Street In Midtown Manhattan For $90/SF
50 West 47th Street
$90
$90/SF
Building Size
2,136 SF
Asset Type
Condo
Closing
Sep 11, 2023
About this deal
AI
The property asset involved in the transaction is an office space located at 50 West 47th Street in Midtown, Manhattan. The asking rent for this asset is set at $90 per square foot, with a total area of 1,283 square feet. The lease type is a Modified Gross Lease with a term of five years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $90/ft
- Lease Term: 5 Years
- Landlord: Or Dalu
- Broker: Richard Nassimi - The Nassimi Team - Douglas Elliman
This transaction involves key individuals including the landlord, Or Dalu, and the broker, Richard Nassimi, representing The Nassimi Team from Douglas Elliman, facilitating the leasing process for the office space at the specified address.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93