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
About this deal
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:
- Property Type: Office
- Transaction Amount: $173,250
- Landlord: David Chetrit
- Tenant: Stirling Mechanical
- Landlord's Representative: Daniel Lolai & David Lolai - LSL Advisors
- Tenant's Representative: Elliot Zelinger - Savitt Partners
- Lease Date: 01/06/2025
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.
On the Map
$42
$42/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Daniel Lolai to view all their deals.
Browse New York office leases on Traded.
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