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39 West 56th Street

West Properties Leases 3,000 SF Office Space To NY Spa At 39 West 56th Street
LEASEDOffice

West Properties Leases 3,000 SF Office Space To NY Spa At 39 West 56th Street

39 West 56th Street

$75

$75/SF

Building Size

2,500 SF

Asset Type

Office

Closing

Apr 9, 2026

AI

The property involved in the transaction is located at 39 West 56th Street, Manhattan, and is an office asset. The asking rent is set at $55 per square foot, with a total size of 3,000 square feet. The lease type is a Single Net Lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $55/ft
  • Address: 39 West 56th Street
  • Market: Manhattan
  • Landlord: West Properties
  • Tenant: NY Spa
  • Landlord's Representative: Alex W. Putzer - Bridge Advisory Group

The key individuals and companies in this transaction include the landlord, West Properties, and the tenant, NY Spa. Alex W. Putzer from Bridge Advisory Group represents the landlord in this lease agreement.

Players

Alex W. Putzer

Bridge Advisory Group

Broker

4 deals

Broker
NY Space Finders
NY Space FindersTenant

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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93