Snapback Sports Signs Double Net Lease For Office Space At 28 West 36th Street In Midtown South, Manhattan
28 West 36th Street
$39
$39/SF
Building Size
2,700 SF
Asset Type
Office
Closing
Nov 29, 2023
AI
An office space located at 28 West 36th Street in Midtown South, Manhattan has been leased. The property, measuring 2,700 square feet, was leased by Snapback Sports. The double net lease was negotiated with an asking rent of $39 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 28 West 36th Street
- Market: Midtown South, Manhattan
- Tenant: Snapback Sports
- Tenant's Representative: Donald Lai - The Corcoran Group
- Asking Rent: $39 per square foot
- Lease Type: Double Net Lease
The landlord for the leased office space is Aron Rosenberg. Michael Gammal from Swift Retail Advisors represented the landlord, while Donald Lai from The Corcoran Group served as the tenant's representative in the 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
406743.59%
Cash-on-Cash
-116248.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93