GFP Real Estate Leases Office Space To Tenant At 260 W 37th St, New York
260 W 37th St, New York, NY, 10018
Building Size
4,938 SF
Asset Type
Office
Closing
Mar 30, 2022
About this deal
AI
The property asset involved in this transaction is an office space located at 260 W 37th St, New York, NY, 10018. The asset encompasses a total area of 4,938 square feet, situated within the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 260 W 37th St, New York, NY, 10018
- Square Feet: 4,938
- Landlord: GFP Real Estate
- Tenant's Representative: Michael Bolton
This lease transaction involves GFP Real Estate serving as the landlord, while Michael Bolton represents the tenant, highlighting the key participants in this deal.
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