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28 West 36th Street

Snapback Sports Signs Double Net Lease For Office Space At 28 West 36th Street In Midtown South, Manhattan
LEASEDOffice

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

Michael Gammal

Swift Real Estate Advisors

Broker

$1.6M

vol

17 deals

Broker
Aron Rosenberg

Aron Rosenberg

R&B Realty Group

Landlord

$184.5M

vol

7 deals

Landlord

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