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240 W 35th St, New York, NY...

Diptyque Leases 8097 Square Feet At 240 W 35th St New York From ATCO Properties & Management
LEASEDOffice

Diptyque Leases 8097 Square Feet At 240 W 35th St New York From ATCO Properties & Management

240 W 35th St, New York, NY, 10001

Building Size

8,097 SF

Asset Type

Office

Closing

May 2, 2019

AI

The property leased is located at 240 W 35th St, New York, NY, 10001. The lease is situated in the New York market and encompasses a total area of 8,097 square feet.

Summary of transaction details:

This transaction involved key representatives from both the tenant and landlord, with Christel Engel from Colliers International acting on behalf of Diptyque in this lease agreement with ATCO Properties & Management as the landlord.

Players

Christel Engel

Colliers

Broker

5 deals

Broker
ATCO Properties & Management
ATCO Properties & ManagementBrokerage
ATCO Properties & Management
ATCO Properties & ManagementLandlord

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