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
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