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
About this deal
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.
On the Map
$38
$38/SF
Office
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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
417447.37%
Cash-on-Cash
-119307.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93