Samuel Hartstein Represents Tenant In 27000 SF Office Lease In New York
318 W 39th St, New York, NY, 10018
Building Size
27,000 SF
Asset Type
Office
Closing
Nov 9, 2022
AI
The property asset involved is an office located at 318 W 39th St, New York, NY, encompassing a total area of 27,000 square feet. The market for this transaction is New York, and it was formalized through a lease signed on November 9, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 318 W 39th St, New York, NY, 10018
- Market: New York
- Square Feet: 27,000
- Tenant's Representative: Samuel "Sam" Hartstein-Gemstone Realty Group
- Landlord: GFP Real Estate
- Landlord's Representative: Matthew Mandell-GFP Real Estate
The deal involves key individuals such as Samuel "Sam" Hartstein representing the tenant and Matthew Mandell representing the landlord, GFP Real Estate. Their roles were crucial in facilitating this lease transaction in the New York market.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93