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135 West 29th Street

Kaufman Organization Leases 6810 Square Feet Office Space To Firebird Music In Chelsea Manhattan
LEASEDOffice

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:

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

William Landsberg

Kaufman Organization

Broker

3 deals

Broker

New York Office Market Snapshot

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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