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240 W 40th St, New York, NY...

Xomox Jewelry Leases 13500 Square Feet At 240 W 40th St New York From Sioni Group
LEASEDOffice

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:

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
Sioni Group
Sioni GroupLandlord

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