Topview Leases Office Space In Midtown South, Manhattan
54 West 39th Street
$39
$39/SF
Building Size
2,500 SF
Asset Type
Office
Closing
Oct 25, 2023
About this deal
AI
Located in Midtown South, Manhattan, the office space at 54 West 39th Street has recently been leased. The property spans 2,500 square feet and is being offered for lease under a modified gross lease arrangement. The asking rent for this space is $39 per square foot.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: Lease
- Date: 10/25/2023
- Address: 54 West 39th Street
- Market: Midtown South, Manhattan
- Asking Rent: $39/ft
- Square Footage: 2,500
The landlord, Slavik Goffman, agreed to lease the property to the tenant, Topview. Representing the landlord in this deal were Andrew Stern and Ravi Idnani from Newmark, while Alex Fleischman and Avery Reavill from Okada & Company represented the tenant.
On the Map
$39
$39/SF
Office
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Players
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Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
406743.59%
Cash-on-Cash
-116248.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93