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
About this deal
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.
On the Map
Office
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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