Cambridge Securities Leases Office Space In New York Building_TRANSACTIONTYPE DATE: 04/21/2021ADDRESS: 110 W 40th St, New York, NY, 10018MARKET: New YorkASSET TYPE: OfficeTENANT'S REP: Matthew Raphan(Adams & Company)TENANT: Cambridge SecuritiesLANDLORD: One Ten West Fortieth AssociatesSQUARE FEET: 1039
110 W 40th St, New York, NY, 10018
Building Size
1,039 SF
Asset Type
Office
Closing
Apr 21, 2021
About this deal
AI
The office property located at 110 W 40th St, New York, NY, 10018, in the New York market, was leased on 04/21/2021. The asset spans 1039 square feet and was leased by Cambridge Securities. The landlord, One Ten West Fortieth Associates, facilitated the lease agreement with tenant's representative Matthew Raphan from Adams & Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Cambridge Securities
- Landlord: One Ten West Fortieth Associates
- Square Feet: 1039
- Tenant's Rep: Matthew Raphan(Adams & Company)
The deal involved the leasing of the office space at 110 W 40th St, New York, NY, showcasing the collaboration between Cambridge Securities and the landlord, One Ten West Fortieth Associates. The negotiation process was facilitated by Matthew Raphan of Adams & Company, representing Cambridge Securities in 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93