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

Western Glove Works Leases 6052 Square Feet At 242 W 36th St New York With Kaufman Organization
LEASEDOffice

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

Darell Handler

Handler Real Estate Services

Broker

$28M

vol

12 deals

Broker
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