Place Showroom Leases Office Space At 260 West 39th Street In Times Square South
260 West 39th Street, New York City, New York 10018, United States
Building Size
10,655 SF
Asset Type
Office
Closing
Feb 14, 2022
AI
Place Showroom has leased an office space at 260 West 39th Street in the Times Square South market. The lease was facilitated by Eric Siegel, Joel Kubie, and Daniel Lolai from LSL Advisors.
Summary of transaction details:
- Property Type: Office
- Lease Date: 02/15/2022
- Address: 260 West 39th Street
- Market: Times Square South
- Landlord: MJ Orbach Associates
- Tenant: Place Showroom
- Brokers: Eric Siegel, Joel Kubie, and Daniel Lolai - LSL Advisors
- Asking Rent: $42/ft.
- Square Footage: 10,655
Note from brokers: There are various office spaces available in the building, ranging from 3,000 to 10,000 square feet, including a 5,500 square foot Penthouse with a Private Roof Deck. Ownership is willing to build a brand new high-end installation to specification. For more information, interested parties can reach out to the brokers.
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