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45 West 36th Street

Best Accessory Group Leases Office Space At 45 West 36th Street From Samco Properties
LEASEDOffice

Best Accessory Group Leases Office Space At 45 West 36th Street From Samco Properties

45 West 36th Street

$40

$40/SF

Building Size

10,500 SF

Asset Type

Office

Closing

Sep 1, 2024

AI

The property asset involved in this transaction is an office space located at 45 West 36th Street in Manhattan. The lease type is a Modified Gross Lease, with an asking rent of $40 per square foot for a total area of 10,500 square feet.

Summary of transaction details:

The individuals involved in this deal include Brett Harvey representing the landlord, while Joel Kubie and Michael Beyda represent the tenant. The collaboration between Newmark and Benchmark Properties facilitated this transaction.

Players

Joel Kubie

Benchmark Properties

Broker

$60M

vol

23 deals

Broker

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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93