Tom Elghanayan, Frederick Elghanayan, And Jake Elghanayan Of TF Cornerstone Lease Manhattan Office To Tenant Steve Rosenberg Of Greystone
152 West 57th Street
$115
$115/SF
Building Size
50,000 SF
Asset Type
Office
Closing
Mar 10, 2025
AI
The property asset involved in the transaction is located at 152 West 57th Street in Manhattan, consisting of an office space with a square footage of 50,000. The asking rent for this lease was set at $115 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $115/ft
- Address: 152 West 57th Street
- Market: Manhattan
- Landlord: Tom Elghanayan, Frederick Elghanayan & Jake Elghanayan - TF Cornerstone
- Tenant: Steve Rosenberg - Greystone
- Broker: Matthew Leon - Newmark
This deal involved the landlord group consisting of Tom Elghanayan, Frederick Elghanayan, and Jake Elghanayan, representing TF Cornerstone, who leased the space to tenant Steve Rosenberg from Greystone, facilitated by broker Matthew Leon from Newmark.
NOTE: Amazon signed a 193,000 sq. ft. lease at 237 Park Avenue, adding to its recent NYC office expansions, including subleases at Five Manhattan West and 330 West 34th Street.
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
137939.13%
Cash-on-Cash
-39423.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93