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:
- Property Type: Office
- Transaction Amount: $40/ft
- Lease Type: Modified Gross Lease
- Landlord: Samco Properties
- Tenant: Best Accessory Group
- Landlord's Representative: Brett Harvey - Newmark
- Tenant's Representatives: Joel Kubie & Michael Beyda - Benchmark Properties
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
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