LEASEDOffice
Van Doren Management Leases 5,000 SF Office At 130 West 57th Street To The Boardroom
130 West 57th Street
$80
$80/SF
Building Size
5,000 SF
Asset Type
Office
Closing
Aug 1, 2026
About this deal
AI
The property asset involved in the transaction is an office space located at 130 West 57th Street in the Manhattan market. The asking rent for the property is set at $80 per square foot, encompassing a total area of 5,000 square feet. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $80/ft
- Square Footage: 5,000
- Address: 130 West 57th Street
- Market: Manhattan
- Landlord: Van Doren Management
- Landlord's Representative: Michelle Ball - Rudd Realty Management
- Tenant: The Boardroom
- Tenant's Representatives: Michael Degenstein & Xavier Newton - Okada & Company
The deal features key individuals including Daniel Van Doren, representing the landlord, and the representatives of the tenant, Michael Degenstein and Xavier Newton. Each played a significant role in facilitating the transaction, reflecting their respective interests and efforts in this leasing agreement.
On the Map
$80
$80/SF
Office
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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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93