Savanna Group Leases Office Space To KEEL At 106 West 56th Street For $124 Per Sf
106 West 56th Street
$124
$124/SF
Building Size
3,850 SF
Asset Type
Office
Closing
Feb 5, 2026
AI
The office asset located at 106 West 56th Street in the Manhattan market involves a lease transaction with an asking rent of $124 per square foot for a total area of 3,850 square feet. The lease type is a Single Net Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $124/ft
- Lease Type: Single Net Lease
- Landlord: Savanna Group
- Tenant: KEEL
- Landlord's Representative: Caroline Merck & Hannah Gerard - CBRE
- Tenant's Representative: Alex W. Putzer - Bridge Advisory Group
The deal is represented by Caroline Merck and Hannah Gerard from CBRE for the landlord side, while Alex W. Putzer from Bridge Advisory Group represents the tenant, KEEL, ensuring the interests of both parties are addressed during this transaction.
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
127927.42%
Cash-on-Cash
-36562.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93