Related Group Leases Office Space To GN Productions At 321 West 44th Street In New York City
321 W 44th St New York, NY 10036, USA
$48
$48/SF
Building Size
5,883 SF
Asset Type
Office
Closing
May 25, 2023
AI
The office property located at 321 West 44th Street in New York City has been leased. The landlord, Related Group, has entered into a lease agreement with the tenant, GN Productions. The lease transaction was facilitated by the landlord's representatives, Pierce Hance and Anthony LoPresti from Cushman & Wakefield, and the tenant's representatives, Wayne Siegel and David Lolai from LSL Advisors.
Summary of transaction details
- Property Type: Office
- Asking Rent: $48/ft
- Square Footage: 5,883
- Date: 05/25/2023
- Market: New York City
The leased office space spans 5,883 square feet and is located at 321 West 44th Street in New York City. The landlord, Related Group, represented by Pierce Hance and Anthony LoPresti from Cushman & Wakefield, agreed to lease the space to GN Productions. Wayne Siegel and David Lolai from LSL Advisors served as GN Productions' representatives in the lease deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
330479.17%
Cash-on-Cash
-94451.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93