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
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