Advanced Technology Group Leases 5,100 SF Office Space At 15 W. 39th St. In Bryant Park
15 West 39th Street, New York City, New York 10018, United States
Building Size
8,500 SF
Asset Type
Office
Closing
Jun 12, 2022
About this deal
AI
Located in Bryant Park, the office space at 15 W. 39th St. has recently been leased. The lease was signed by Advanced Technology Group, represented by their agent Jenny Reznik from Pomona Malone. The landlord in this transaction is the Cheng Family, and they were represented by Chris Okada and Thomas Capuano from Okada & Company. The lease was finalized on 06/13/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 15 W. 39th St.
- Market: Bryant Park
- Tenant: Advanced Technology Group
- Tenant's Rep: Jenny Reznik - Pomona Malone
- Landlord: Cheng Family
- Landlord's Rep: Chris Okada & Thomas Capuano - Okada & Company
- Asking Rent: $32/ft.
- Square Footage: 5,100 SF
Chris Okada, one of the representatives from Okada & Company, expressed excitement about the current activity in the real estate market. He highlighted the success of his company, started at a young age, and emphasized the importance of constantly closing deals and staying up to date with the market in order to thrive in the industry.
Players
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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