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
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
Loading comparables…
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