WTF Media Studios Leases Office Space At 325 West 38th Street In Hudson Yards, Manhattan
325 West 38th Street
$42
$42/SF
Building Size
1,000 SF
Asset Type
Office
Closing
Sep 19, 2023
About this deal
AI
The property involved in this lease transaction is an office space located at 325 West 38th Street in Hudson Yards, Manhattan. The asset encompasses a total of 1,000 square feet. The lease, which is a Single Net Lease, has a duration of 3 years.
Summary of Transaction Details
- Property Type: Office
- Asking Rent: $42 per square foot
- Total Square Footage: 1,000
- Lease Type: Single Net Lease
- Lease Term: 3 years
The landlord for this property is Elias Masri, while the tenant is WTF Media Studios. Representing the landlord is Daniel Jayson from Greye Inc. and Douglas Elliman. On the other hand, David Zaga from Falcon Properties is the tenant's representative in this lease deal.
On the Map
$42
$42/SF
Office
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Players
Market Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
377690.48%
Cash-on-Cash
-107945.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93