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

NorthStar Group Leases 1728 SF At 240 W 35th St New York From ATCO Properties
LEASEDOffice

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

Jarad Winter

Two Trees Management

Broker

5 deals

Broker
Two Trees Management
Two Trees 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

283267.86%

Cash-on-Cash

-80958.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93