Xomox Jewelry Leases 13500 Square Feet At 240 W 40th St New York From Sioni Group
240 W 40th St, New York, NY, 10018
Building Size
13,500 SF
Asset Type
Office
Closing
Jun 30, 2022
AI
The property involved in this transaction is a lease located at 240 W 40th St, New York, NY, 10018. This lease encompasses a total area of 13,500 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Specified
- Tenant: Xomox Jewelry
- Landlord: Sioni Group
- Tenant's Representative: Matt Kashani-Norman Bobrow & Company
- Landlord's Representatives: Daniel Lolai-LSL Advisors, Eric Siegel-LSL Advisors, Joel Kubie-LSL Advisors
This transaction reflects the collaboration of various professionals, with representation for the tenant provided by Matt Kashani of Norman Bobrow & Company. The landlord's interests were represented by multiple advisors from LSL Advisors, including Daniel Lolai, Eric Siegel, and Joel Kubie. Their efforts facilitated the lease agreement between Xomox Jewelry and Sioni Group.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93