Adaptive Design Association Renews Lease For 3,600 SF Office Space In Manhattan With GFP Real Estate
307 West 36th Street New York, New York 10018, USA
Building Size
3,600 SF
Asset Type
Office
Closing
Aug 3, 2023
AI
The Adaptive Design Association, a disability services nonprofit, has renewed its lease for a 3,600-square-foot office space at 307 W. 36th St., near Penn Station in Manhattan. The lease term is for five years. The office space is owned by GFP Real Estate.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not available
- Address: 307 W. 36th St.
- Market: New York
- Square Footage: 3,600
Barbara Yagoda from GFP Real Estate served as the broker for both the tenant, Adaptive Design Association, and the landlord in the transaction.
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