Western Glove Works Leases 6052 Square Feet At 242 W 36th St New York With Kaufman Organization
242 W 36th St, New York, NY, 10018
Building Size
6,052 SF
Asset Type
Office
Closing
Sep 16, 2019
AI
The lease involves a property located at 242 W 36th St, New York, NY, 10018. This asset features a total square footage of 6,052 and operates within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 242 W 36th St, New York, NY, 10018
- Square Feet: 6,052
- Tenant: Western Glove Works
- Landlord: Kaufman Organization
- Tenant's Representative: Darell Handler
- Landlord's Representative: Grant Greenspan-Kaufman Organization
This transaction highlights the collaboration between representatives in the leasing arrangement, with Darell Handler representing the tenant and Grant Greenspan-Kaufman Organization representing the landlord, Kaufman Organization.
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