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Tin Drum Leases Office Space At 25 West 39th Street In Midtown Manhattan

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LEASED
$60

New York

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Office14,500 SF
Leased
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Property Image
LEASED

Tin Drum Leases Office Space At 25 West 39th Street In Midtown Manhattan

25 West 39th Street

See Similar Deals
Office14,500 SF
Leased
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$60
Total Square Footage:14500 SF
Transaction Type:Lease

Located at 25 West 39th Street in Midtown Manhattan, the office building has recently leased 14,500 square feet to Tin Drum, a Mixed-Media design studio. The property, managed by Thor Equities, features a Modified Gross Lease with an asking rent of $60 per square foot.

Summary of transaction details:

Okada & Company, a significant player in the Midtown Manhattan commercial real estate market, facilitated this deal. The firm has completed its 67th transaction of the year, leasing a total of 809,586 square feet of space since 2021. With a robust portfolio of over 4 million square feet, Okada & Company's success can be attributed to its agility in making deals, efficient turnaround times, effective marketing strategies, and broker-friendly practices.

Players

Christopher (Chris) Okada
81 deals$352.8M volume
BROKER

Thomas Capuano
Okada & Company
24 deals$2.6M volume
BROKER

Details

LEASED
IMAGE: Thomas Capuano, Christopher Okada & Avery Reavill DATE: 07/01/2024 ADDRESS: 25 West 39th Street MARKET: Midtown Manhattan ASSET TYPE: Office LANDLORD: Thor Equities (@ThorEquities) TENANT: Tin Drum LANDLORD'S REP: Thomas Capuano (@Thomas_Capuano), Avery Reavill (@Avery_Reavill) & Christopher Okada (@ChrisOkada ) - Okada & Company (@OkadaCo) TENANT'S REP: Conor Krup - CBRE ASKING RENT: $60/ft ~ SF: 14,500 LEASE TYPE: Modified Gross Lease NOTE FROM BROKER: šŸŽ‰ EVERY DEAL COUNTS! ALWAYS BE CLOSING! BETTING ON NYC!šŸŽ‰ Okada & Co. is delighted to announce the leasing of 14,500 SF at 25 West 39th Street, to Tin Drum a Mixed-Media design studio. šŸ“ Property: 25 West 39th Street šŸ¢ Asset Class: Office Building šŸ“ Size: 14,500 SF šŸ“ˆ Milestone: 67th transaction of the year šŸŽ‰šŸŽ‰šŸŽ‰šŸŽ‰ šŸ“ˆ Milestone: 809,586 SF of Space Leased since 2021 Follow @ChrisOkada for everything NYC Office & CRE. With a portfolio boasting over 4 million square feet of commercial real estate in Midtown Manhattan, Okada has positioned itself as one of the most prominent players in the post-pandemic office market. This is attributed to its approach of being ready to make deals, its quick turnaround time, its marketing prowess, and its broker-friendly approach.

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Deal Type
Effective Rent (Annual)

$997,357.50

Total Lease Value

$9,973,575.00

Net Landlord Cash Flow$997,357.50