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325 West 38th Street

WTF Media Studios Leases Office Space At 325 West 38th Street In Hudson Yards, Manhattan
LEASEDOffice

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

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.

Players

Daniel Jayson

Douglas Elliman

Broker

$3.1M

vol

3 deals

Broker
FP
Falcon PropertiesLandlord

Market 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

377690.48%

Cash-on-Cash

-107945.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93