Two Monkeys Leases 3400 Square Feet At 231 W 39th St New York From 231/249 West 39 Street Associates
231 W 39th St, New York, NY, 10018
Building Size
3,400 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 231 W 39th St, New York, NY, 10018. It encompasses 3,400 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 231 W 39th St, New York, NY, 10018
- Square Feet: 3,400
- Tenant: Two Monkeys
- Landlord: 231/249 West 39 Street Associates
- Tenant's Representative: Jay Dispalto - Adams & Co.
Jay Dispalto from Adams & Co. represented the tenant, Two Monkeys, in this leasing transaction with the landlord, 231/249 West 39 Street Associates, ensuring the interests of the tenant were effectively managed throughout the process.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93