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:
- Property Type: Office
- Transaction Amount: $77/ft
- Lease Type: Modified Gross Lease
- Address: 104 West 40th Street
- Market: Manhattan
- Landlord: Aviv Laurence – Ben-Josef Group
- Tenant: World Wide Shoes Holdings
- Landlord's Representative: Charles Shamesh - Norman Bobrow & Company
- Tenant's Representatives: Daniel Lolai & David Lolai - LSL Advisors
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
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