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42 W 39th St, New York, NY,...

Core Home Leases Office Space At 42 W 39th St In New York
LEASEDOffice

Core Home Leases Office Space At 42 W 39th St In New York

42 W 39th St, New York, NY, 10018

$44

$44/SF

Building Size

21,184 SF

Asset Type

Office

Closing

Dec 5, 2017

AI

The office property located at 42 W 39th St, New York, NY, 10018, in the New York market, was leased on 12/05/2017. The tenant, Core Home, secured the space through their representative, Michael Beyda of Benchmark Properties. The landlord in this transaction was Adams & Co. The lease was for a total of 21,184 square feet at a rate of $44 per square foot.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant: Core Home
  • Tenant's Representative: Michael Beyda (Benchmark Properties)
  • Landlord: Adams & Co.
  • Rent/SF: $44
  • Square Feet: 21,184
  • Address: 42 W 39th St, New York, NY, 10018
  • Market: New York

The leasing deal, involving Core Home and Adams & Co., showcased the professional involvement of Michael Beyda from Benchmark Properties, who represented the tenant in securing the 21,184 square feet of office space. The agreement, finalized on 12/05/2017, demonstrates the strategic negotiations and arrangements orchestrated by the respective parties to fulfill their leasing requirements in the bustling New York market.

Players

Michael Beyda

Benchmark Properties

Broker

$40M

vol

7 deals

Broker
AC
Adams & Co.Landlord

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

360522.73%

Cash-on-Cash

-103038.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93