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142 W 36th St, New York, NY...

IMGN Media Leases Office Space At 142 West 36th Street In Midtown South
LEASEDOffice

IMGN Media Leases Office Space At 142 West 36th Street In Midtown South

142 W 36th St, New York, NY 10018, USA

Building Size

80,000 SF

Asset Type

Office

Closing

Feb 4, 2020

AI

A closed property transaction took place at 142 West 36th Street in Midtown South. The asset involved was an office space measuring 8,000 square feet. The tenant, IMGN Media, signed a lease agreement with the landlord, Alduwaliya Asset Management, represented by Joel Kubie, Michael Hymowitz, and Daniel Lolai of lsladvisors. The asking price for the transaction was $62 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $62 per square foot
  • Tenant: IMGN Media
  • Landlord: Alduwaliya Asset Management @Tamim
  • BROKERS: Joel Kubie, Michael Hymowitz & Daniel Lolai @lsladvisors

The deal was facilitated by brokers Joel Kubie, Michael Hymowitz, and Daniel Lolai. They represented the landlord, Alduwaliya Asset Management, in the lease agreement with IMGN Media. The transaction showcases the active commercial real estate market in Midtown South, providing opportunities for tenants and landlords alike.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
AM
Alduwaliya Asset ManagementLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93