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
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