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222 West 37th Street

John Kim Leases Office Space At 222 West 37th Street To West By CPW For $38/ft
LEASEDOffice

John Kim Leases Office Space At 222 West 37th Street To West By CPW For $38/ft

222 West 37th Street

$38

$38/SF

Building Size

3,000 SF

Asset Type

Office

Closing

Jun 8, 2025

AI

The property asset involved in this transaction is an office space located at 222 West 37th Street in the Midtown South market. The lease agreement is a Modified Gross Lease with an asking rent of $38 per square foot, covering a total area of 3,000 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $38/ft
  • Lease Type: Modified Gross Lease
  • Landlord: John Kim
  • Tenant: West By CPW - Moey Levy
  • Tenant's Rep: Michael Gammal - Swift Real Estate Advisors

This transaction involves key individuals, including the landlord John Kim and tenant Moey Levy representing West By CPW. Michael Gammal from Swift Real Estate Advisors acts as the representative for the tenant in this agreement.

Players

Michael Gammal

Swift Real Estate Advisors

Broker

$1.6M

vol

17 deals

Broker
Swift Real Estate Advisors
Swift Real Estate AdvisorsBrokerage

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

417447.37%

Cash-on-Cash

-119307.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93