Guy Conti Leases 6,200 SF Office Space At 15 West 39th Street In New York City
15 West 39th Street
$35
$35/SF
Building Size
6,200 SF
Asset Type
Office
Closing
Dec 8, 2022
AI
An office space located at 15 West 39th Street in New York City has been leased. The lease transaction took place on 12/08/2022.
Summary of transaction details:
- Property Type: Office
- Address: 15 West 39th Street, New York City
- Market: New York City
- Landlord: Northern Star Realty
- Tenant: Guy Conti
- Brokers: Christopher Okada (Okada & Company), Thomas Capuano, and Cole Chartash (Cushman & Wakefield)
- Asking Rent: $35/ft.
- Square Footage: 6,200
The office space was leased by Guy Conti, with Christopher Okada representing Okada & Company, and Thomas Capuano and Cole Chartash representing Cushman & Wakefield in the deal.
It is worth noting that despite concerns about the impact of the pandemic on the real estate market, over 300,000 square feet of office space has been leased in Midtown Manhattan. This deal in particular showcases the resilience of the New York City market.
Betting on the future of NYC, the involved parties closed this office lease transaction, proving that every deal counts and defying predictions of a housing crash or a decline in the office sector. Only time will determine the accuracy of these predictions, but for now, NYC continues to thrive.
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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93