IF Management Signs Office Lease With Zar Property NY At 119 West 57th Street
119 West 57th Street
$67
$67/SF
Building Size
2,350 SF
Asset Type
Office
Closing
Jul 31, 2025
AI
The office asset located at 119 West 57th Street in Midtown Manhattan has a total square footage of 2,350 and an asking rent of $67 per square foot. The property is under the management of Zar Property NY, who has recently engaged in a lease transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $67/ft
- Leased SF: 2,350
- Lease Type: Other
- Landlord: Zar Property NY
- Tenant: IF Management
- Landlord's Representative: Julian Zar - Zar Property NY
- Tenant's Representative: Cooper Weisman - Newmark
- Date of Transaction: 8/1/2025
This transaction marks the fifth office lease signed in the building, with Zar Property NY represented in-house by Julian Zar. The tenant, IF Management, was represented by Cooper Weisman of Newmark.
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
236761.19%
Cash-on-Cash
-67667.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93