Women's Refugee Commission Leases Office Space At 15 W 37th St New York With Tenant's Rep Dan Organ
15 W 37th St, New York, NY, 10018
Building Size
8,905 SF
Asset Type
Office
Closing
Mar 22, 2016
AI
The property leased is located at 15 W 37th St, New York, NY, 10018, within the New York market. The Women’s Refugee Commission has secured a deal for the space, which encompasses 8,905 square feet. The asking rent was approximately $40 per square foot, as the nonprofit organization enters into a long-term commitment for the premises under Kamber Management Co.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 15 W 37th St, New York, NY, 10018
- Square Feet: 8,905
- Tenant: Women’s Refugee Commission
- Landlord: Kamber Management
- Tenant's Representative: Daniel (Dan) Organ, Cushman & Wakefield
- Landlord's Representative: Steven Levy, Kamber Management
- Lease Term: 10 years
The transaction involved Daniel (Dan) Organ and Carri Lyon from Cushman & Wakefield representing the Women’s Refugee Commission, while Kamber Management’s Steven Levy managed the representation for the landlord in-house. This collaboration ensured a seamless process in finalizing the lease agreement for the property.
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