Kaufman Organization Leases 6810 Square Feet Office Space To Firebird Music In Chelsea Manhattan
135 West 29th Street
$55
$55/SF
Building Size
6,810 SF
Asset Type
Office
Closing
Jul 29, 2024
AI
The asset involved in the transaction is an office located at 135 West 29th Street in Chelsea, Manhattan. Firebird Music has signed a lease for 6,810 square feet at this location, with an asking rent of $55 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $55/ft
- Square Footage: 6,810
- Address: 135 West 29th Street
- Market: Chelsea, Manhattan
- Landlord: Kaufman Organization
- Tenant: Firebird Music
- Landlord's Representative: Grant Greenspan & William Landsberg - Kaufman Organization
- Tenant's Representative: Daniel Santagata & TJ Hochanadel - JLL
The representatives involved in this transaction include Grant Greenspan and William Landsberg representing the landlord, Kaufman Organization, while the tenant, Firebird Music, is represented by Daniel Santagata and TJ Hochanadel from JLL.
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93