Lewis Baach Kaufmann Middlemiss Leases Office Space At 155 E 44th St In Midtown Manhattan For 10 Years
155 East 44th Street
$90
$90/SF
Building Size
7,000 SF
Asset Type
Office
Closing
Mar 27, 2023
AI
The office property located at 155 E 44th St (10 Grand Central) in Midtown has been leased. The landlord, Marx Realty, has entered into a 10-year lease agreement with the tenant, Lewis Baach Kaufmann Middlemiss. The lease terms include an asking rent of $90 per square foot for a total space of 7,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Market: Midtown
- Address: 155 E 44th St (10 Grand Central)
- Landlord: Marx Realty
- Tenant: Lewis Baach Kaufmann Middlemiss
- Landlord's Representative: Mitchell Konsker, Kyle Young, Simon Landmann, Kip Orban, Carlee Palmer & Thomas Schwartz - JLL
- Tenant's Representative: Darell Handler - Handler Real Estate
- Asking Rent: $90/ft
- Lease Terms: 10-year lease
The deal was facilitated by Darell Handler of Handler Real Estate, who represented the tenant. The landlord was represented by Mitchell Konsker, Kyle Young, Simon Landmann, Kip Orban, Carlee Palmer, and Thomas Schwartz from JLL.
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93