GFP Real Estate Leases 3200 SF Office Space At 260 W 37th St, New York
260 W 37th St, New York, NY, 10018
Building Size
3,200 SF
Asset Type
Office
Closing
Mar 30, 2022
About this deal
AI
The office property located at 260 W 37th St, New York, NY, 10018, spanning 3,200 square feet, was recently leased in New York. The landlord for this transaction was GFP Real Estate, with Robert Schmidt from JLL representing the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 260 W 37th St, New York, NY, 10018
- Market: New York
- Tenant's Rep: Robert Schmidt(JLL)
- Landlord: GFP Real Estate
- Square Feet: 3200
The leasing deal at 260 W 37th St was facilitated by Robert Schmidt from JLL, representing the tenant. GFP Real Estate acted as the landlord in this office transaction that took place in New York. This lease represents a significant agreement within the New York commercial real estate market.
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