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
About this deal
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.
On the Map
$52
$52/SF
Office
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Players
Market Office Market Snapshot
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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