Anna Sui Signs 7-Year Lease For Midtown South Office Space At 218 West 37th Street
218 West 37th Street
$35
$35/SF
Building Size
3,000 SF
Asset Type
Office
Closing
Oct 1, 2023
AI
The office property located at 218 West 37th Street in Midtown South, Manhattan has been leased. The asset spans approximately 3,000 square feet and was leased under a modified gross lease. The lease term is set for 7 years and 3 months.
Summary of transation details
- Property Type: Office
- Transaction Amount: Lease
- Address: 218 West 37th Street
- Market: Midtown South, Manhattan
The landlord for this lease transaction is Argus Realty, represented by Mark Gindi. The tenant, Anna Sui, was represented by Anand Melwani and Aziz Mahrach from ARM Real Estate Group.
For further information or inquiries regarding this lease, the following contacts from ARM Real Estate Group can be reached:
Aziz Mahrach
Contact: (201)-924-5937
Email: [email protected]
Anand Melwani
Contact: (516)-658-1222
Email: [email protected]
Note: ARM Real Estate Group is a full-service real estate advisory company specializing in the sales and leasing of commercial properties in the NYC metro area.
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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93