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110 W 40th St, New York, NY...

Updated Oct 29, 2024

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
LEASEDOffice

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

Matthew Raphan

Adams & Company

Broker

1 deal

Broker
OA
One Ten West Fortieth AssociatesLandlord

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

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