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135 West 29th Street

Turbo Leases Office Space At 135 West 29th Street New York For $65 Per Square Foot
LEASEDOffice

Turbo Leases Office Space At 135 West 29th Street New York For $65 Per Square Foot

135 West 29th Street

$65

$65/SF

Building Size

6,810 SF

Asset Type

Office

Closing

Mar 1, 2026

AI

The property asset involved in this transaction is an office space located at 135 West 29th Street in the New York market. The lease is for a total of 6,810 square feet with an asking rent of $65 per square foot. The lease is structured as a Modified Gross Lease with a term of 5 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $65/ft
  • Address: 135 West 29th Street
  • Market: New York
  • Lease Term: 5 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Kaufman Organization
  • Tenant: Turbo
  • Landlord's Representative: Grant Greenspan & Ben Saftler - Kaufman Organization
  • Tenant's Representative: Calvin Bruwelheide & Nicholas Hein - Nomad Group

The key individuals involved in this deal include representatives from both the landlord and tenant sides. Grant Greenspan and Ben Saftler represent Kaufman Organization as the landlord's representatives, while the tenant, Turbo, is represented by Calvin Bruwelheide and Nicholas Hein from Nomad Group.

Players

Grant Greenspan

Kaufman Organization

Broker

10 deals

Broker
Kaufman Organization
Kaufman OrganizationLandlord

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93