Savills Represents Tenant In 13703 SF Office Lease At 260 W 37th St, New York
260 W 37th St, New York, NY, 10018
Building Size
13,703 SF
Asset Type
Office
Closing
Oct 6, 2022
AI
The office property located at 260 W 37th St, New York, NY, 10018, boasts a total of 13,703 square feet. The lease for this office space was finalized on 10/06/2022 in the bustling New York market. The landlord, GFP Real Estate, facilitated this transaction with Savills representing the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant's Rep: Marc Shapses (Savills)
- Landlord's Rep: Matthew Mandell (GFP Real Estate)
- Landlord: GFP Real Estate
Noteworthy individuals involved in this deal include Marc Shapses from Savills representing the tenant and Matthew Mandell from GFP Real Estate representing the landlord. Their expertise and negotiation skills played a crucial role in finalizing the lease agreement for this prime office space.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93