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28 W 44th St, New York City...

JSM Music Leases Office Space At 28 West 44th Street In Midtown
LEASEDOffice

JSM Music Leases Office Space At 28 West 44th Street In Midtown

28 W 44th St, New York City, New York 10036, United States

$80

$80/SF

Building Size

10,500 SF

Asset Type

Office

Closing

Mar 6, 2023

AI

The leased property is an office located at 28 West 44th Street in Midtown. The transaction involved a lease between the landlord, APF Properties, and the tenant, JSM Music. The office space spans across 10,500 square feet. The lease was facilitated by the tenant's representatives, Brett Harvey and Zachary Azus from JLL, and the landlord's representatives, John Ryan and Rachel Rosenfeld from Avison Young.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 28 West 44th Street
  • Market: Midtown
  • Asking Rent: $80 per square foot
  • Square footage: 10,500

John Ryan and Rachel Rosenfeld from Avison Young represented APF Properties, the landlord, in this lease transaction. On the other hand, Brett Harvey and Zachary Azus from JLL acted as the tenant's representatives, facilitating the lease for JSM Music.

Players

Brett Harvey

Newmark

Broker

$270M

vol

28 deals

Broker
APF Properties
APF PropertiesLandlord

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93