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:
- Property Type: Office
- Transaction Amount: Not Specified
- Tenant's Rep: Scott Rosenstock (Meridian Capital Group)
- Landlord's Rep: Michael Blue (AARE Real Estate)
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
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