Jackpocket Inc. Signs Lease For Office Space In Times Square
145 West 45th Street, New York, NY 10036, USA
Building Size
13,200 SF
Asset Type
Office
Closing
Apr 11, 2021
About this deal
AI
An office space located at 145 West 45th Street in Times Square has recently been leased. The lease transaction was completed on 04/12/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 145 West 45th Street
- Market: Times Square
The tenant for this leased office space is Jackpocket Inc., while the landlord is H&K Associates. The lease was facilitated by two brokers: Daniel Lolai from SLAdvisors and Joe Cybulski from CBRE.
The asking rent for the lease was $66 per square foot, and the total area of the leased space is 13,200 square feet.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93