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15 W 37th St, New York, NY,...

Women's Refugee Commission Leases Office Space At 15 W 37th St New York With Tenant's Rep Dan Organ
LEASEDOffice

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

Daniel Organ

Cushman & Wakefield

Broker

$25M

vol

10 deals

Broker
KM
Kamber ManagementLandlord

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