Jeff Koons Leases 7400 Square Feet At 501 W 36th St New York From Adler Group
501 W 36th St, New York, NY, 10018
Building Size
7,400 SF
Asset Type
Office
Closing
Oct 14, 2020
About this deal
AI
The property involved in the transaction is located at 501 W 36th St, New York, NY, 10018. The total square footage of the property is 7,400 square feet, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Jeff Koons
- Landlord: Adler Group
- Tenant's Representative: Alan B. Weisman (Helmsley Spear)
This transaction marks a significant lease agreement with Jeff Koons as the tenant, represented by Alan B. Weisman from Helmsley Spear, while Adler Group serves as the landlord in this deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93