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307 West 38th Street

Diamond Fades Barber Leases Office Space At 307 West 38th Street, Hudson Yards
LEASEDOffice

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.

Players

Charles Haber

Swift Real Estate Advisors

Broker

$1.6M

vol

3 deals

Broker

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