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260 West 39th Street, New Y...

Place Showroom Leases Office Space At 260 West 39th Street In Times Square South
LEASEDOffice

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

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker
Meyer Orbach

Meyer Orbach

Orbach Associates

Landlord

$3.3B

vol

31 deals

Landlord
OA
Orbach AssociatesLandlord

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