Primary Leases Office Space At 251 W 30th St, New York
251 W 30th St, New York, NY, 10001
$56
$56/SF
Building Size
31,083 SF
Asset Type
Office
Closing
Feb 6, 2018
AI
The office located at 251 W 30th St, New York, NY, 10001, in the bustling market of New York, spanning 31,083 square feet, was recently leased by Primary. The landlord, Marciano Investment Group, secured a rent of $56 per square foot for this property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant's Representative: Peter Sabesan, Richard Selig (Cresa)
- Broker: William (Billy) Cohen (Newmark)
The lease transaction was facilitated with the assistance of William (Billy) Cohen from Newmark, representing the tenant, Primary. The Tenant's Representatives, Peter Sabesan and Richard Selig from Cresa, played a crucial role in finalizing the deal, ensuring a smooth transaction for all parties involved.
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
283267.86%
Cash-on-Cash
-80958.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93