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:
- Property Type: Office
- Transaction Amount: Not specified
- Square Feet: 7,150.0
- Address: 29 West 38th Street
- Market: New York City
- Tenant: Onia
- Landlord: ABS Real Estate Partners
- Tenant's Representative: Cooper Weisman (Newmark), Dylan Weisman (Newmark)
- Landlord's Representative: Ben Waller (ABS Partners Real Estate)
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
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