Nazar Family Leases 4,000 Square Feet Office Space At 221 West 37th Street To Landair Advisors
221 West 37th Street
$33
$33/SF
Building Size
4,000 SF
Asset Type
Office
Closing
Oct 5, 2026
About this deal
AI
This office asset located at 221 West 37th Street in Manhattan has a total square footage of 4,000. The asking rent for this property is set at $35 per square foot. The lease agreement established is classified as a gross lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $140,000
- Lease Type: Gross Lease
- Landlord: Nazar Family
- Tenant: Anand Melwani & Alexandre Goulet - Landair Advisors
- Date of Transaction: 10/05/2026
Anand Melwani and Alexandre Goulet have signed a lease for their new headquarters with Landair Advisors. This move aligns with the firm’s growth strategy, which includes personnel expansion across various departments and development activities in all five boroughs, aiming to enhance their services to owners, developers, and investors.
On the Map
$33
$33/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
480696.97%
Cash-on-Cash
-137384.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93