Walter & Samuels Inc. Leases Office Space To GF55 Partners In New York
225 W 39th St, New York, NY, 10018
Building Size
8,000 SF
Asset Type
Office
Closing
Jun 18, 2019
AI
The office property located at 225 W 39th St, New York, NY, 10018, spans 8000 square feet and was leased on 06/18/2019. The tenant, GF55 Partners, was represented by Steven Rotter from JLL, while the landlord, Walter & Samuels Inc., was represented by Demark Davis and Mark Jaccom from Walter & Samuels Inc., along with Tony Builder.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Market: New York
- Tenant's Rep: Steven Rotter (JLL)
- Landlord's Rep: Demark Davis (Walter & Samuels Inc.), Mark Jaccom (Walter & Samuels Inc.), Tony Builder
Steven Rotter of JLL served as the tenant's representative for GF55 Partners in the lease transaction for the office space at 225 W 39th St. On the landlord's side, Demark Davis, Mark Jaccom, and Tony Builder, all played crucial roles in representing Walter & Samuels Inc. in this deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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