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:
- Property Type: Office
- Transaction Amount: $472,500
- Landlord: Howard Li - Waytex Int'l
- Tenant: Maya Brooke
- Landlord's Representative: Christopher Okada & Avery Reavill - Okada & Company
- Tenant's Representative: Raphael Zar & Daniel Lolai - LSL Advisors
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
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