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53 West 36th Street

HK Associates Leases Office Space To The RealReal At 53 West 36th Street In Midtown South, Manhattan
LEASEDOffice

HK Associates Leases Office Space To The RealReal At 53 West 36th Street In Midtown South, Manhattan

53 West 36th Street

$57

$57/SF

Building Size

13,880 SF

Asset Type

Office

Closing

Oct 3, 2023

AI

The property involved in this transaction is an office located at 53 West 36th Street in Midtown South, Manhattan. The asset type is an office space with a total square footage of 13,880. The transaction took place on 10/03/2023 and involved a lease agreement.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 10/03/2023
  • Address: 53 West 36th Street, Midtown South, Manhattan
  • Market: Midtown South, Manhattan
  • Asset Type: Office

The landlord for this property is HK Associates and the tenant is The RealReal. The brokers involved in the deal include Daniel Lolai and David Lolai from LSL Advisors, as well as Matthew Augarten, Bill Levitsky, and Shannon Aja from Newmark. The asking rent for the office space was $57 per square foot.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
TR
The RealRealTenant

Market 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

278298.25%

Cash-on-Cash

-79538.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93