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25 W 39th St, New York, NY,...

Halston Leases Office Space At 25 W 39th St, New York For $70/SF
LEASEDOffice

Halston Leases Office Space At 25 W 39th St, New York For $70/SF

25 W 39th St, New York, NY, 10018

$70

$70/SF

Building Size

14,440 SF

Asset Type

Office

Closing

Sep 20, 2017

AI

Located at 25 W 39th St, New York, NY, 10018, this office space in New York spans 14,440 square feet. The tenant, Halston, secured this space from the landlord, Thor Equities, with a rental rate of $70 per square foot.

Summary of transaction details:

Scott Rosenstock from Meridian Capital Group represented Halston in the lease transaction, while Michael Blue of AARE Real Estate served as the landlord's representative. The deal was finalized on September 20, 2017, cementing the agreement for the 14,440 square feet of office space at 25 W 39th St, New York, NY. Thor Equities maintained a rental rate of $70 per square foot for this property.

Players

Scott Rosenstock

Meridian Capital Group

Broker

$77M

vol

4 deals

Broker
Thor Equities
Thor EquitiesLandlord

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93