Hexmodal Technologies Leases Office Space At 115 West 30th Street In Midtown South For $52/ft
115 West 30th Street
$52
$52/SF
Building Size
7,850 SF
Asset Type
Office
Closing
Aug 18, 2025
About this deal
AI
The property asset involved is a 7,850 square foot office space located at 115 West 30th Street in the Midtown South market. It is leased under a Modified Gross Lease with an asking rent of $52 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $408,200
- Landlord: Justin Management
- Tenant: Hexmodal Technologies
- Landlord's Representative: Adam Justin
- Tenant's Representatives: Raphael Zar & Eric Siegel - LSL Advisors
Key individuals involved in this transaction include Adam Justin, representing Justin Management, and Raphael Zar alongside Eric Siegel, who represent Hexmodal Technologies through LSL Advisors. Their roles were pivotal in facilitating the lease agreement between the landlord and tenant.
On the Map
$52
$52/SF
Office
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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
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93