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29 West 38th Street

Onia Leases 7150 Square Feet Office Space At 29 West 38th Street In New York City
LEASEDOffice

Onia Leases 7150 Square Feet Office Space At 29 West 38th Street In New York City

29 West 38th Street

Building Size

7,150 SF

Asset Type

Office

Closing

Mar 20, 2025

AI

The property asset involved in this transaction is an office space located at 29 West 38th Street in New York City. The leased area encompasses 7,150 square feet. The deal was formalized on March 20, 2025, with the landlord being ABS Real Estate Partners.

Summary of transaction details:

The key individuals involved in this transaction include representatives from both the tenant and the landlord. The tenant, Onia, is represented by Cooper Weisman and Dylan Weisman from Newmark, while the landlord, ABS Real Estate Partners, is represented by Ben Waller from 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