Hawke Co A3 Apparel Leases Office Space At 142 West 36th Street In Midtown South
142 West 36th Street
$45
$45/SF
Building Size
10,250 SF
Asset Type
Office
Closing
Sep 9, 2024
AI
The property asset involved is located at 142 West 36th Street in Midtown South, categorized as an office space with a total square footage of 12,560. The lease type is modified gross, with an asking rent of $45 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $45/ft
- Lease Type: Modified Gross Lease
- Asking Rent: $45/ft
- Address: 142 West 36th Street
- Market: Midtown South
- Landlord: Adam Asset Management & Al Duwaliya
- Tenant: Hawke Co A3 Apparel
- Landlord's Representative: William Fressle, William Golden & Giorgio Versea - Cushman & Wakefield
- Tenant's Representative: Raymond Balassiano, Daniel Lolai & Wayne Siegel - LSL Advisors
This transaction involves key players such as Adam Asset Management and Al Duwaliya as the landlords and Hawke Co A3 Apparel as the tenant. The landlord's representatives include William Fressle, William Golden, and Giorgio Versea from Cushman & Wakefield, while the tenant's representatives are Raymond Balassiano, Daniel Lolai, and Wayne Siegel from LSL Advisors.
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