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104 West 40th Street

World Wide Shoes Holdings Leases Office Space At 104 West 40th Street In Manhattan For $77/ft
LEASEDOffice

World Wide Shoes Holdings Leases Office Space At 104 West 40th Street In Manhattan For $77/ft

104 West 40th Street

$77

$77/SF

Building Size

6,610 SF

Asset Type

Office

Closing

Apr 9, 2025

AI

The property asset involved in this transaction is located at 104 West 40th Street in Manhattan. It is classified as an office space with a square footage of 6,610. The asking rent for this modified gross lease is set at $77 per square foot.

Summary of transaction details:

This lease transaction highlights the involvement of key representatives, including Charles Shamesh from Norman Bobrow & Company representing the landlord, and Daniel Lolai and David Lolai from LSL Advisors representing the tenant. The deal reflects the collaboration of various stakeholders in the commercial real estate sector within Manhattan.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 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

206012.99%

Cash-on-Cash

-58879.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93