NorthStar Group Leases 1728 SF At 240 W 35th St New York From ATCO Properties
240 W 35th St, New York, NY, 10001
$56
$56/SF
Building Size
1,728 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. The transaction took place in the New York market, with the leased space comprising 1,728 square feet. The rent per square foot for this lease is $56.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 240 W 35th St, New York, NY, 10001
- Market: New York
- Square Feet: 1,728
- Rent/SF: 56
- Landlord: ATCO Properties & Management
- Tenant: NorthStar Group
- Landlord's Representative: Jared Winter - Newmark Knight Frank
This transaction highlights the involvement of ATCO Properties & Management as the landlord and NorthStar Group as the tenant. Jared Winter from Newmark Knight Frank represented the landlord in this lease agreement, facilitating the terms between the parties involved.
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
283267.86%
Cash-on-Cash
-80958.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93