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321 W 44th St New York, NY ...

Related Group Leases Office Space To GN Productions At 321 West 44th Street In New York City
LEASEDOffice

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

Wayne Siegel

LSL Advisors

Broker

$73.4M

vol

30 deals

Broker
Related Group
Related GroupLandlord

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

330479.17%

Cash-on-Cash

-94451.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93