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251 W 30th St, New York, NY...

Primary Leases Office Space At 251 W 30th St, New York
LEASEDOffice

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:

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

Peter Sabesan

Broker

7 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

283267.86%

Cash-on-Cash

-80958.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93