Newsday Leases 10,100 SF At 240 W 35th St New York From ATCO Properties & Management
240 W 35th St, New York, NY, 10001
$56
$56/SF
Building Size
10,100 SF
Asset Type
Office
Closing
Jun 6, 2017
AI
The property asset involved in the transaction is located at 240 W 35th St, New York, NY, 10001. It spans a total of 10,100 square feet and is leased at a rate of $56 per square foot. The market for this property lies within New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 240 W 35th St, New York, NY, 10001
- Tenant: Newsday
- Landlord: ATCO Properties & Management
- Tenant's Representatives: Gregory Kraut-K Property Group, Frank Pagano-Avison Young, Greg Kraut-Avison Young
In this transaction, the key representatives for the tenant, Newsday, include Gregory Kraut from K Property Group and Frank Pagano and Greg Kraut from Avison Young, highlighting a collaborative effort among professionals in the real estate sector.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
283267.86%
Cash-on-Cash
-80958.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93