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:
- Property Type: Office
- Transaction Amount: $48/ft
- Square Footage: 8,213
- Address: 234 West 39th Street
- Market: Midtown South
- Landlord: Al Duwaliya RE
- Tenant: Eventique
- Landlord's Representative: JD Cohen & Ariel Hardwood - Newmark
- Tenant's Representative: Raphael Zar & Wayne Siegel - LSL Advisors
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
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