Votum Enterprises Signs Modified Gross Lease For Office Space With ABS Partners In Midtown South
29 West 38th Street
$40
$40/SF
Building Size
7,150 SF
Asset Type
Office
Closing
Jun 22, 2025
About this deal
AI
The asset involved in the transaction is an office space measuring 7,150 square feet located at 29 West 38th Street in the Midtown South market. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 29 West 38th Street
- Market: Midtown South
- Landlord: ABS Partners
- Tenant: Votum Enterprises
- Landlord's Representative: Colin S Godwin & Ben Waller - ABS Partners Real Estate
- Tenant's Representative: Morris Tobias - Monday Morning Management
Morris Tobias, representing Monday Morning Management, specializes in commercial real estate across Manhattan and Brooklyn, structuring deals for landlords and tenants to create long-term value. He can be contacted at 646-908-9662 or via email at [email protected].
On the Map
$40
$40/SF
Office
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Players
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Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93