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115 West 30th Street

Hexmodal Technologies Leases Office Space At 115 West 30th Street In Midtown South For $52/ft
LEASEDOffice

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

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.

Players

Eric Siegel

LSL Advisors

Broker

$96M

vol

56 deals

Broker
LSL Advisors
LSL AdvisorsBrokerage

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