Nami Beauty Inc. Leases Office Space In Times Square Building
115 West 45th Street, New York City, New York 10036, United States
Building Size
2,350 SF
Asset Type
Office
Closing
Mar 13, 2022
About this deal
AI
An office space located at 115 W. 45th St. in Times Square has been leased. The property, with a total square footage of 2,350, was leased by Nami Beauty Inc. The lease was facilitated by Eithan Davidov from the Real NY Commercial Team at Real New York.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease
- Address: 115 W. 45th St.
- Market: Times Square
- Tenant: Nami Beauty Inc.
- Tenant's Rep: Eithan Davidov - Real NY Commercial Team - Real New York
- Asking Rent: $35/ft.
- Square Footage: 2,350
The lease transaction was facilitated by Eithan Davidov from the Real NY Commercial Team at Real New York. The property is owned by Windsor Management Corp., represented by Matthew Kiamie and Phillip Kiamie.
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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