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145 West 30th Street

InterAgency Council Of Developmental Disabilities Agencies IAC Leases 8300 Sq Ft At 145 West 30th Street
LEASEDOffice

InterAgency Council Of Developmental Disabilities Agencies IAC Leases 8300 Sq Ft At 145 West 30th Street

145 West 30th Street

$48

$48/SF

Building Size

8,300 SF

Asset Type

Office

Closing

Apr 15, 2025

AI

This office space, located at 145 West 30th Street in Midtown South, Manhattan, encompasses 8,300 square feet. The asking rent for this property was set at $48 per square foot, highlighting its competitive positioning within a bustling market. The lease is structured for a significant duration of 15 years.

Summary of transaction details:

Wini Schiff, representing the InterAgency Council of Developmental Disabilities Agencies, has maneuvered to relocate the headquarters from the previous address of 150 West 30th Street to the new site. The transaction involved multiple representatives from both sides, facilitating the lease negotiation process in this competitive real estate environment.

Players

Adam Ardise

Cushman & Wakefield

Broker

3 deals

Broker
Jeffrey Feil

Jeffrey Feil

Landlord

$512.5M

vol

24 deals

Landlord

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

330479.17%

Cash-on-Cash

-94451.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93