Gay Men's Health Crisis Leases 110000 Square Feet At 307 W 38th St New York From George Comfort & Sons
307 W 38th St, New York, NY, 10018
Building Size
110,000 SF
Asset Type
Office
Closing
Feb 9, 2018
About this deal
AI
The property asset involved in this lease transaction is located at 307 W 38th St, New York, NY, 10018. It has a total area of 110,000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 110,000
- Tenant: Gay Men’s Health Crisis
- Landlord: George Comfort & Sons
- Tenant's Representative: Ira Schuman - Savills
This lease transaction involves key individuals and companies including the tenant, Gay Men’s Health Crisis, representing the health-focused initiative and the landlord, George Comfort & Sons, which oversees the property management. Ira Schuman from Savills represents the tenant in this agreement.
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