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218 West 37th Street

Anna Sui Signs 7-Year Lease For Midtown South Office Space At 218 West 37th Street
LEASEDOffice

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

Anand Melwani

Landair Advisors

Broker

$168.7M

vol

41 deals

Broker

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