Jeffrey Creighton Of Control Solutions Group Leases 20,000 Square Feet At 225 West 34th Street
225 West 34th Street
$60
$60/SF
Building Size
20,000 SF
Asset Type
Office
Closing
Feb 11, 2025
AI
The property is located at 225 West 34th Street, Manhattan, and is categorized as an office asset. It features a lease transaction with an asking rent of $60 per square foot for a total area of 20,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $60/ft
- Lease Term: 10-year lease
- Landlord: Jay Futersak - Circle Realty Group
- Tenant: Jeffrey Creighton - Control Solutions Group
- Broker: Richard Warshauer - Colliers
- Previous Address of Tenant: 122 West 27th Street
- Parent Company: Emcor Group
- Other Tenants in the Building: E.E. Cruz and Regus
This transaction involved Control Solutions Group, which signed a 10-year lease agreement with Circle Realty Group for office space at 14 Penn Plaza. The deal signifies a strategic relocation from their previous location to accommodate business needs.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93