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100 W 40th St, New York, NY...

Bank Of China Leases 73796 SF At 100 W 40th St With Tenant's Rep Jason Gorman
LEASEDOffice

Bank Of China Leases 73796 SF At 100 W 40th St With Tenant's Rep Jason Gorman

100 W 40th St, New York, NY, 10018

$100

$100/SF

Building Size

73,796 SF

Asset Type

Office

Closing

May 31, 2016

AI

The property located at 100 W 40th St, New York, NY, 10018 is situated in the New York market. This lease involves a rental rate of $100 per square foot, encompassing a total space of 73,796 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not provided
  • Address: 100 W 40th St, New York, NY, 10018
  • Market: New York
  • Tenant's Representative: Jason Gorman - CBRE
  • Landlord: Bank of China
  • Rent/SF: 100
  • Square Feet: 73796

Jason Gorman from CBRE represented the tenant in this transaction, while the landlord in the deal was the Bank of China. Each party played a crucial role in the leasing agreement, ensuring that the transaction proceeded smoothly in the New York market.

Players

Jason Gorman

CBRE

Broker

3 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93