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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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