facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

12 West 37th Street, New Yo...

HMG Plus Leases Office Space At 12 West 37th Street In Midtown Manhattan With LSL Advisors And Daniel Breiman's Representation
LEASEDOffice

HMG Plus Leases Office Space At 12 West 37th Street In Midtown Manhattan With LSL Advisors And Daniel Breiman's Representation

12 West 37th Street, New York City, New York 10018, United States

Building Size

5,020 SF

Asset Type

Office

Closing

Dec 23, 2021

AI

The recently closed lease transaction involves an office space located at 12 West 37th Street in Midtown. The property, measuring approximately 5,020 square feet, was leased by HMG Plus from Olmstead Properties. The lease terms span a period of 10 years with an asking rent of $44 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 12 West 37th Street
  • Market: Midtown
  • Landlord: Olmstead Properties
  • Tenant: HMG Plus
  • Broker: Ray Balas - LSL Advisors & Daniel Breiman
  • Asking Rent: $44/ft.
  • Lease Terms: 10 Years

The lease transaction was facilitated by Ray Balas of LSL Advisors and Daniel Breiman. They represented the interests of the tenant, HMG Plus, in the deal.

Players

Raymond Balassiano

LSL Advisors

Broker

21 deals

Broker
Olmstead Properties
Olmstead PropertiesLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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