LEASEDOffice
BK Real Estate Advisors Signs Modified Gross Lease At 135 West 36th Street, Midtown South
135 West 36th Street
$38
$38/SF
Building Size
5,250 SF
Asset Type
Office
Closing
Jun 27, 2024
About this deal
AI
Located in Midtown South, the property at 135 West 36th Street is an office building that recently underwent a lease transaction. The asset features a total square footage of 5,250 and was leased out under a Modified Gross Lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 135 West 36th Street
- Market: Midtown South
- Landlord: Waitex Group
- Tenant: BK Real Estate Advisors (BKREA)
- Brokers: Alex Fleischman, Christopher Okada, & Avery Reavill - Okada & Company
- Asking Rent: $38/ft
The lease deal at 135 West 36th Street was facilitated by a team of brokers comprising Alex Fleischman, Christopher Okada, and Avery Reavill from Okada & Company. The transaction was unique as it involved the formation of the Knakal Map Room within the building, a significant milestone for BK Real Estate Advisors led by Bob Knakal.
On the Map
$38
$38/SF
Office
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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
417447.37%
Cash-on-Cash
-119307.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93