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318 W 39th St, New York, NY...

Gary Rosenberg And Howard Tenenbaum Of SL Green Realty Represent Tenant In Lease At 318 W 39th St
LEASEDOffice

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

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

Gary M. Rosen

SL Green

Broker

7 deals

Broker
NH
Newmark HoldingsLandlord

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