Advantage Sales & Marketing Leases 20378 Square Feet At 23 W 43rd St New York
23 W 43rd St, New York, NY, 10036
Building Size
20,378 SF
Asset Type
Office
Closing
Dec 5, 2019
AI
The Club Row Building is located at 23 W 43rd St, New York, NY, 10036. This property offers a total of 20,378 square feet of office space, and Advantage Sales & Marketing will occupy a 15,093-square-foot area on the 14th floor, along with a 5,285-square-foot space on the ninth floor. The building comprises a total of 372,000 square feet and is positioned in the New York market, featuring onsite amenities such as a restaurant, Dunkin' Donuts, and various services.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 20,378
- Address: 23 W 43rd St, New York, NY, 10036
- Tenant: Advantage Sales & Marketing
- Landlord: APF Properties
- Tenant's Representative: Jason Ward (Cushman & Wakefield)
- Landlord's Representatives: Joshua (Josh) Gosin (Newmark), Matthew "Matt" Augarten (Newmark)
- Broker: Andrew Sachs (Newmark)
Andrew Sachs, Tim Gibson, Josh Gosin, and Matthew Augarten of Newmark represented APF Properties in the lease negotiations. Jason Ward of Cushman & Wakefield acted as the representative for Advantage Sales & Marketing, facilitating the consolidation of the company's two previous locations in Manhattan.
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