Graduate Center For Mental Health Leases Office Space At 213 W 35th Street In Midtown Manhattan
213 West 35th Street, New York, NY 10001, USA
Building Size
163,681 SF
Asset Type
Office
Closing
Oct 27, 2020
AI
The Graduate Center for Mental Health has leased office space in Midtown, located at 213 W 35th Street. The property is an office building with a size of 3,400 square feet. The lease was negotiated by brokers William Akleh and John Akleh from the agency idonyre. The landlord of the property is Justin Management. The asking rent for the space was $45 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Leased
- Address: 213 W 35th Street
- Market: Midtown
- Tenant: Graduate Center for Mental Health
- Landlord: Justin Management
- Brokers: William Akleh & John Akleh from idonyre
- Asking Rent: $45/ft.
- Square Footage: 3,400
The lease transaction between the Graduate Center for Mental Health and Justin Management was facilitated by brokers William Akleh and John Akleh of idonyre. This deal represents a successful negotiation for office space in Midtown.
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