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
About this deal
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