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225 W 39th St, New York, NY...

LEASEDOffice

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:

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

Tony Builder

Broker

9 deals

Broker
JLL
JLLBrokerage
David Berley

David Berley

Walter & Samuels Inc.

Landlord

$6M

vol

6 deals

Landlord

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