Thrive Networks Leases Office Space At 242 W 36th St, New York
242 W 36th St, New York, NY, 10018
Building Size
14,000 SF
Asset Type
Office
Closing
Feb 12, 2019
AI
The office property located at 242 W 36th St, New York, NY, 10018, in the bustling market of New York, spans across 14,000 square feet. Thrive Networks secured a lease for this space in a transaction dated February 12, 2019. The landlord of this asset is the Kaufman Organization.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: Thrive Networks
- Tenant's Rep: Michael Heaner
- Landlord: Kaufman Organization
Michael Heaner, representing Thrive Networks, facilitated the lease agreement for the 14,000 square feet office space at 242 W 36th St in New York. The involvement of the Kaufman Organization as the landlord underscores the significance of this transaction within the New York market.
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