Diamond Fades Barber Leases Office Space At 307 West 38th Street, Hudson Yards
307 West 38th Street
$75
$75/SF
Building Size
800 SF
Asset Type
Office
Closing
May 22, 2024
About this deal
AI
The office property located at 307 West 38th Street in Hudson Yards, Manhattan, was the subject of a lease transaction involving George Comfort & Sons as the landlord and Diamond Fades Barber as the tenant. The lease, facilitated by broker Charles Haber from Swift Retail Advisors, had an asking rent of $75 per square foot for the 800 square feet of space covered by a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 307 West 38th Street
- Market: Hudson Yards, Manhattan
- Landlord: George Comfort & Sons
- Tenant: Diamond Fades Barber
- Broker: Charles Haber - Swift Retail Advisors
- Asking Rent: $75/ft
- Lease Type: Modified Gross Lease
Charles Haber of Swift Retail Advisors played a pivotal role in the transaction as the broker representing the landlord and tenant. The deal not only secured the space for Diamond Fades Barber but also ensured a mutually beneficial agreement under the Modified Gross Lease terms.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93