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240 West 40th Street

Mission Capital Leases Office Space At 240 West 40th Street In New York City
LEASEDOffice

Mission Capital Leases Office Space At 240 West 40th Street In New York City

240 West 40th Street

$52

$52/SF

Building Size

15,100 SF

Asset Type

Office

Closing

Mar 27, 2023

AI

The office space located at 240 West 40th Street in New York City has been leased in a transaction involving the landlord, Sioni Group, and the tenant, Mission Capital. The lease was completed on 03/27/2023.

Summary of transaction details

  • Property Type: Office
  • Asking Rent: $52/ft
  • Square Footage: 15,100
  • Address: 240 West 40th Street
  • Market: New York City

Daniel Lolai, Eric Siegel, and Joel Kubie from LSL Advisors represented the landlord, Sioni Group, in this lease transaction. Josh Stein, from Norman Bobrow, served as the tenant's representative.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker
Sioni Group
Sioni GroupLandlord

Market 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

305057.69%

Cash-on-Cash

-87186.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93