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213 West 35th Street, New Y...

Graduate Center For Mental Health Leases Office Space At 213 W 35th Street In Midtown Manhattan
LEASEDOffice

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

John Akleh

Broker

$49

vol

4 deals

Broker
Adam Justin

Adam Justin

Management

Landlord

$235.5M

vol

17 deals

Landlord

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