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135 West 36th Street

Maya Brooke Leases Office Space At 135 West 36th Street In Midtown South For $45ft
LEASEDOffice

Maya Brooke Leases Office Space At 135 West 36th Street In Midtown South For $45ft

135 West 36th Street

$45

$45/SF

Building Size

10,500 SF

Asset Type

Office

Closing

Oct 31, 2024

AI

The property involved in this transaction is an office asset located at 135 West 36th Street in Midtown South. The lease type is a Modified Gross Lease, and the space encompasses 10,500 square feet with an asking rent of $45 per square foot.

Summary of transation details:

This lease transaction was facilitated by key individuals from both sides. Christopher Okada and Avery Reavill represented the landlord, while Raphael Zar and Daniel Lolai acted on behalf of the tenant, ensuring a smooth negotiation process for the office space.

Players

Christopher Okada

Okada & Company

Broker

$352.8M

vol

85 deals

Broker

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93