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155 East 44th Street

Lewis Baach Kaufmann Middlemiss Leases Office Space At 155 E 44th St In Midtown Manhattan For 10 Years
LEASEDOffice

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

Darell Handler

Handler Real Estate Services

Broker

$28M

vol

12 deals

Broker
MR
Marx RealtyLandlord

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