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:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 29 W 38th St, New York, NY, 10018
- Market: New York
- Square Feet: 7,150
- Landlord: ABS Partners Real Estate
- Tenant's Representatives: Kirill Azovtsev (Savills), Andre Stanley (Norman Bobrow & Company), James (Jim) Wenk (Savills)
- Landlord's Representatives: Ben Waller (ABS Partners Real Estate), Charles Conwell (ABS Partners Real Estate), Jakob Pedersen (ABS Partners Real Estate)
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
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