Jay Conference Leases 40,000 SF Office Space At 104 W. 40th St. In New York
104 West 40th Street, New York City, New York 10018, United States
Building Size
40,000 SF
Asset Type
Office
Closing
Jul 31, 2022
AI
The office property located at 104 W. 40th St. in New York has recently been leased. The deal was brokered by Charles Shamesh from Norman & Bobrow. The landlord, Park House represented by Ronen Ben Joseph, has leased the space to Jay Conference. The lease was finalized on 08/01/2022 and the asking rent was $60 per square foot for a total of 40,000 square feet.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Lease
- Address: 104 W. 40th St.
- Market: New York
The deal involved the following individuals:
- Landlord: Park House - Ronen Ben Joseph
- Tenant: Jay Conference
- Broker: Charles Shamesh - Norman & Bobrow
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93