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256 West 36th Street

Windsor Management Leases 35,000 SF Office Space In Midtown South At $39/ft
LEASEDOffice

Windsor Management Leases 35,000 SF Office Space In Midtown South At $39/ft

256 West 36th Street

$39

$39/SF

Building Size

35,000 SF

Asset Type

Office

Closing

Jun 1, 2024

AI

The property asset involved in this transaction is an office space located at 256 West 36th Street in the Midtown South market. The leased area spans 35,000 square feet with an asking rent of $39 per square foot under a Full Service Gross lease agreement.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $39/ft
  • Address: 256 West 36th Street
  • Square Footage: 35,000
  • Market: Midtown South
  • Landlord: Windsor Management
  • Landlord's Representative: Catherine O'Toole & David Scher - Lee & Associates NYC

Lee & Associates NYC acted as the exclusive leasing agent in this transaction and has successfully leased 100% of the property, highlighting the efficiency in filling the available office space.

Players

Catherine O'Toole

Lee & Associates

Broker

$68.5M

vol

9 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

406743.59%

Cash-on-Cash

-116248.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93