B-Floral Signs Lease At 225 W 35th Street In Garment District
225 W 35th St, New York, NY 10001, USA
Building Size
89,000 SF
Asset Type
Office
Closing
Oct 31, 2018
About this deal
AI
The office property located at 225 W 35th Street in the Garment District has been involved in a closed transaction. The property spans a total of 8,900 square feet and was listed for an asking price of $50 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
Matthew Raphan and Brett Maslin represented the tenant, B-Floral, in this transaction. The landlord, The Kash Group, was represented by Eli Someck. No further details about the transaction or the individuals involved were provided.
On the Map
Office
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Players
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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