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119 West 57th Street

IF Management Signs Office Lease With Zar Property NY At 119 West 57th Street
LEASEDOffice

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

Julian Zar

Zar Property NY

Broker

$28M

vol

7 deals

Broker
Newmark
NewmarkBrokerage
Zar Property NY
Zar Property NYLandlord

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