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218 W 40th St, New York, NY...

Definition 6 Leases 13750 Square Feet At 218 W 40th St From Savitt Partners
LEASEDOffice

Definition 6 Leases 13750 Square Feet At 218 W 40th St From Savitt Partners

218 W 40th St, New York, NY, 10018

$55

$55/SF

Building Size

13,750 SF

Asset Type

Office

Closing

Oct 30, 2017

AI

The property involved in this lease transaction is located at 218 W 40th St, New York, NY 10018, in the New York market. The tenant, Definition 6, has secured a leasing arrangement for a space measuring 13,750 square feet at a rental rate of $55 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 218 W 40th St, New York, NY, 10018
  • Market: New York
  • Tenant: Definition 6
  • Landlord: Savitt Partners
  • Tenant's Representative: Ken Ruderman & Jarod Stern - Savills Studley

Key individuals in this transaction include the tenant, Definition 6, and the landlord, Savitt Partners. The deal was represented on the tenant's side by brokers Ken Ruderman and Jarod Stern from Savills Studley, facilitating the leasing process.

Players

Ken Ruderman

Savills

Broker

5 deals

Broker
Savitt Partners
Savitt PartnersBrokerage
Savitt Partners
Savitt PartnersLandlord

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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93