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151 W 42nd St, New York, NY...

Analysis Group Leases Office Space At 151 W 42nd St In New York
LEASEDOffice

Analysis Group Leases Office Space At 151 W 42nd St In New York

151 W 42nd St, New York, NY, 10036

Building Size

58,029 SF

Asset Type

Office

Closing

Jan 9, 2019

AI

The office property located at 151 W 42nd St, New York, NY, 10036, boasts a square footage of 58,029. The lease transaction for this asset was completed on 01/09/2019 in the vibrant market of New York. The tenant, Analysis Group, secured this space under the representation of Paul Fomichelli from JLL, with the Durst Organization acting as the landlord.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: Analysis Group
  • Landlord: Durst Organization
  • Square Feet: 58,029
  • Tenant's Rep: Paul Fomichelli(JLL)

The involvement of Paul Fomichelli from JLL as the tenant's representative highlights the skilled negotiation and representation provided to Analysis Group during the lease transaction. This deal showcases the collaboration between Analysis Group, the tenant, and the Durst Organization, the landlord, in securing a significant office space in the bustling city of New York.

Players

Paul Fomichelli

JLL

Broker

4 deals

Broker
Durst Organization
Durst OrganizationBrokerage
Durst Organization
Durst OrganizationLandlord

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