Zelouf International Signs 10-Year Lease For 13,600 Square Feet At 209 West 38th Street
209 West 38th Street
Building Size
13,600 SF
Asset Type
Office
Closing
Feb 12, 2026
AI
The asset involved in this transaction is an office space located at 209 West 38th Street in Manhattan. The lease signed encompasses a total area of 13,600 square feet, representing the full sixth floor of the building.
Summary of transaction details:
- Property Type: Office
- Lease Term: 10 years
- Landlord: Eric Gural & Brian Steinwurtzel - GFP Real Estate
- Tenant: Danny Zelouf - Zelouf International
- Brokers: Matthew Mandell & Brett Harvey - JLL
The deal was facilitated by Matthew Mandell and Brett Harvey, representing JLL as brokers in the transaction. Zelouf International is relocating from their previous office at 225 West 37th Street as part of this agreement, securing a significant amount of space in their new location.
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