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242 W 36th St, New York, NY...

Thrive Networks Leases Office Space At 242 W 36th St, New York
LEASEDOffice

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

Michael Heaner

Kaufman Organization

Broker

8 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

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