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234 West 39th Street

Eventique Leases Office Space At 234 West 39th Street In Midtown South For $48/ft
LEASEDOffice

Eventique Leases Office Space At 234 West 39th Street In Midtown South For $48/ft

234 West 39th Street

$48

$48/SF

Building Size

8,213 SF

Asset Type

Office

Closing

Jan 3, 2025

AI

This office asset, located at 234 West 39th Street in the Midtown South market, encompasses a total of 8,213 square feet. The lease type established for this transaction is a Modified Gross Lease, with an asking rent of $48 per square foot.

Summary of transaction details:

This transaction highlights the involvement of multiple key players. The landlord was represented by JD Cohen and Ariel Hardwood from Newmark, while the tenant was represented by Raphael Zar and Wayne Siegel from LSL Advisors.

Players

Wayne Siegel

LSL Advisors

Broker

$73.4M

vol

30 deals

Broker

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

330479.17%

Cash-on-Cash

-94451.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93