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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93