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:
- Property Type: Office
- Transaction Amount: $48/ft
- Square Footage: 8,300
- Lease Term: 15 years
- Landlord: Jeffrey Feil - Feil Organization
- Tenant: Wini Schiff - InterAgency Council of Developmental Disabilities Agencies (IAC)
- Landlord's Representative: Andrew Wiener, Timothy D. Parlante & Henry Korzec - The Feil Organization
- Tenant's Representative: Adam Ardise & Daniel Thompson - Cushman & Wakefield
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
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