Zar Property NY Secures Office Space Lease At 38 Greene Street In Soho
38 Greene Street
$159
$159/SF
Building Size
21,400 SF
Asset Type
Office
Closing
Mar 1, 2024
AI
Located at 38 Greene Street in Soho, Manhattan, the office building involved in the transaction features a total square footage of 21,400. The deal was finalized with an asking rent of $159 per square foot under a Full-Service Gross lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Zar Property NY
- Tenant's Rep: Brett Harvey - Newmark
- Landlord's Rep: Julian Zar, David Zar, Jon Zar & Simon Zar - Zar Property NY
The collaboration between Brett Harvey from Newmark and Julian Zar, David Zar, Jon Zar, and Simon Zar from Zar Property NY contributed to the successful finalization of the deal, showcasing the involvement of key individuals and companies in this lease transaction.
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
99767.30%
Cash-on-Cash
-28513.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93