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29 West 38th Street

Votum Enterprises Signs Modified Gross Lease For Office Space With ABS Partners In Midtown South
LEASEDOffice

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

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].

Players

Ben Waller

ABS Partners Real Estate

Broker

13 deals

Broker
ABS Partners Real Estate
ABS Partners Real EstateLandlord

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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93