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BK Real Estate Advisors Signs Modified Gross Lease At 135 West 36th Street, Midtown South

Property Image
LEASED
$38
Christopher (Chris) Okada
Avery Reavill
Alex Fleischman

New York

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Office5,250 SF
Leased 06/27/2024
the dealplayerscompscontact
Property Image
LEASED

BK Real Estate Advisors Signs Modified Gross Lease At 135 West 36th Street, Midtown South

135 West 36th Street

See Similar Deals
Office5,250 SF
Leased 06/27/2024
Christopher (Chris) Okada
Avery Reavill
Alex Fleischman
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$38
Total Square Footage:5,250 SF
Transaction Type:Lease
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:

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

Christopher (Chris) Okada
Okada & Company
Christopher Okada
84 deals$352.8M volume
BROKER
Avery Reavill
Okada & Company
Avery Reavill
22 deals(860) 841-1277
BROKER
Alex Fleischman
Okada & Company
Alex Fleischman
8 deals(917) 414-0157
BROKER

Details

LEASED
IMAGE: Alex Fleischman, Bob Knakal, Christopher Okada & Avery Reavill DATE: 06/27/2024 ADDRESS: 135 West 36th Street MARKET: Midtown South ASSET TYPE: Office LANDLORD: Waitex Group TENANT: BK Real Estate Advisors (BKREA) BROKERS: Alex Fleischman (@Alex_Fleischman), Christopher Okada (@ChrisOkada) & Avery Reavill (@Avery_Reavill) - Okada & Company (@OkadaCo) ASKING RENT: $38/ft ~ SF: 5,250 LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: This one is special... In early 2023 I get a call from Bob who asked if he could see one of our buildings on 36th Street & I said sure & set up a tour with my associate Avery. I knew it was for marketing or for research, but little did I know it would then become THE Knakal Map Room. It was all very exciting to watch it unfold. When Bob announced the launch of BKREA, we thought "Great.... we'll find them the next Map Room." And low and behold a few weeks later we get the call. Bob wanted something very specific, and we had JUST the listing for him... The building we moved to and our newest exclusive 135 West 36th Street. This is an award winning building and I get to be neighbors with an old friend and mover and shaker. When I congratulated Bob on the lease he said "You guys got me a great deal (again) & I love Avery" What a great client testimonial. BETTING ON NYC! ALWAYS BE CLOSING! EVERY DEAL COUNTS!

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Deal Type
Effective Rent (Annual)

$228,704.39

Total Lease Value

$2,287,043.92

Net Landlord Cash Flow$228,704.39