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29 W 38th St, New York, NY,...

Lease Signed For 7150 Square Feet At 29 W 38th St New York With ABS Partners Real Estate
LEASEDOffice

Lease Signed For 7150 Square Feet At 29 W 38th St New York With ABS Partners Real Estate

29 W 38th St, New York, NY, 10018

Building Size

7,150 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 29 W 38th St, New York, NY, 10018. This lease encompasses a total area of 7,150 square feet and is situated within the New York market. The landlord for this property is ABS Partners Real Estate.

Summary of transaction details:

The deal involves multiple representatives on both sides. The tenant's representatives include Kirill Azovtsev from Savills, Andre Stanley from Norman Bobrow & Company, and James (Jim) Wenk from Savills. On the landlord's side, the representatives are Ben Waller, Charles Conwell, and Jakob Pedersen, all affiliated with ABS Partners Real Estate.

Players

Ben Waller

ABS Partners Real Estate

Broker

13 deals

Broker
ABS Real Estate Partners
ABS Real Estate PartnersLandlord

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