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142 West 36th Street

Hawke Co A3 Apparel Leases Office Space At 142 West 36th Street In Midtown South
LEASEDOffice

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:

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker

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