Gary Rosenberg And Howard Tenenbaum Of SL Green Realty Represent Tenant In Lease At 318 W 39th St
318 W 39th St, New York, NY, 10018
$38
$38/SF
Building Size
40,500 SF
Asset Type
Office
Closing
May 26, 2016
About this deal
AI
The property involved in this lease transaction is located at 318 W 39th St, New York, NY, 10018, within the New York market. The property encompasses 40,500 square feet, with a rental rate of $38 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 318 W 39th St, New York, NY, 10018
- Market: New York
- Square Feet: 40,500
- Rent/SF: $38
- Landlord: Newmark Holdings
- Tenant's Representatives: Gary Rosenberg - Rosenberg Realty, Gary M. Rosen - SL Green Realty Corp., Howard Tenenbaum - SL Green
This transaction involves key representatives such as Gary Rosenberg and Gary M. Rosen from SL Green Realty Corp, along with Howard Tenenbaum, who collectively represent the interests of the tenant in this lease scenario.
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
417447.37%
Cash-on-Cash
-119307.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93