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106 West 56th Street

Savanna Group Leases Office Space To KEEL At 106 West 56th Street For $124 Per Sf
LEASEDOffice

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

Caroline Merck

CBRE

Broker

$116.1M

vol

6 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

127927.42%

Cash-on-Cash

-36562.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93