facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

128 W 34th St, New York, NY...

Absolute New York Leases 10,000 SF Office Space At 128 W 34th St, New York
LEASEDOffice

Absolute New York Leases 10,000 SF Office Space At 128 W 34th St, New York

128 W 34th St, New York, NY, 10001

Building Size

10,000 SF

Asset Type

Office

Closing

Jan 10, 2018

AI

The office property located at 128 W 34th St, New York, NY, 10001 in New York encompasses 10,000 square feet. The deal was finalized on 01/10/2018, with Absolute New York as the tenant and the Stahl Organization as the landlord. The tenant was represented by Lee Block and Spencer Bowers from Winick Realty Group, while the landlord was represented by Marc Leber from Newmark.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: Absolute New York
  • Landlord: Stahl Organization
  • Square Feet: 10,000
  • Tenant's Rep: Lee Block (Winick Realty Group), Spencer Bowers (Winick Realty Group)
  • Landlord's Rep: Marc Leber (Newmark)

In this deal, the key individuals involved were Lee Block and Spencer Bowers representing the tenant, Absolute New York. On the other side of the transaction were Marc Leber representing the landlord, Stahl Organization. The collaborative effort of these individuals facilitated the successful leasing of the office space.

Players

Lee Block

RTL Real Estate

Broker

22 deals

Broker
SO
Stahl OrganizationLandlord

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