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
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