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25 West 36th Street

Stirling Mechanical Signs Lease For Office Space At 25 West 36th Street In Midtown South
LEASEDOffice

Stirling Mechanical Signs Lease For Office Space At 25 West 36th Street In Midtown South

25 West 36th Street

$42

$42/SF

Building Size

3,850 SF

Asset Type

Office

Closing

Jan 6, 2025

AI

The property located at 25 West 36th Street in the Midtown South market has been leased as office space. The lease was signed at a rate of $45 per square foot for a total area of 3,850 square feet, under a Modified Gross Lease agreement.

Summary of transation details:

This transaction involved significant representation by professionals in the industry, with Daniel Lolai and David Lolai representing the landlord, while Elliot Zelinger acted on behalf of the tenant. Their expertise facilitated the leasing process for both parties.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker

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

377690.48%

Cash-on-Cash

-107945.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93