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
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