facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

230 West 38th Street

Junior Achievement Leases 10,035 Square Feet Office Space At 230 West 38th Street Manhattan
LEASEDOffice

Junior Achievement Leases 10,035 Square Feet Office Space At 230 West 38th Street Manhattan

230 West 38th Street

$38

$38/SF

Building Size

10,035 SF

Asset Type

Office

Closing

Oct 31, 2024

AI

The property involved in this lease transaction is an office space located at 230 West 38th Street in Manhattan. The space encompasses 10,035 square feet and the asking rent for this asset is $38 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $38/ft
  • Square Footage: 10,035
  • Address: 230 West 38th Street
  • Market: Manhattan
  • Landlord: Jonathan P. Rosen - Rosen Equities
  • Tenant: Junior Achievement
  • Landlord's Representative: Daniel Breiman - Olmstead Properties
  • Tenant's Representative: Paul Walker - CBRE

Junior Achievement of New York is the tenant who signed the lease for the second floor, establishing a learning center focused on teaching youth about economics and entrepreneurship. The representatives involved in this transaction were Daniel Breiman from Olmstead Properties representing the landlord and Paul Walker from CBRE representing the tenant.

Players

Daniel Breiman

Olmstead Properties

Broker

8 deals

Broker

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

417447.37%

Cash-on-Cash

-119307.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93