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224 West 35th Street, New Y...

Antoinette Intl & Certifix Lease Office Space At 224 West 35th Street In Penn Plaza, NYC
LEASEDOffice

Antoinette Intl & Certifix Lease Office Space At 224 West 35th Street In Penn Plaza, NYC

224 West 35th Street, New York, NY 10001, USA

Building Size

5,393 SF

Asset Type

Office

Closing

Aug 19, 2020

AI

An office space located at 224 West 35th Street in Penn Plaza has been leased. The transaction took place on 08/19/2021.

Summary of transaction details

  • Property Type: Office
  • Asking Rent: $38/ft.
  • Square Footage: 5,393
  • Market: Penn Plaza
  • Tenant: Antoinette Intl & Certifix
  • Landlord: Gatsby Realty
  • Brokers: Chris Okada & Hiro Iwata

The leasing deal for the office space at 224 West 35th Street was facilitated by brokers Chris Okada and Hiro Iwata from OkadaCo. The tenant, Antoinette Intl & Certifix, will be leasing the space from the landlord, Gatsby Realty.

NOTE: According to OkadaCo, there are only 45 days left in the year for real estate deals, with holidays approaching and the time it takes to get deals under contract. They express their confidence in the New York market and encourage anyone interested to follow, DM, email, or call them.

Players

Christopher Okada

Okada & Company

Broker

$352.8M

vol

85 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93