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
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.
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