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6 East 32nd Street

Sunshine Sachs Morgan & Lylis Signs 10-Year Lease For Office Space In NoMad
LEASEDOffice

Sunshine Sachs Morgan & Lylis Signs 10-Year Lease For Office Space In NoMad

6 East 32nd Street

$65

$65/SF

Building Size

16,000 SF

Asset Type

Office

Closing

Jan 23, 2023

AI

Maureen Pescatore and Adam Weissleder of Himmel + Meringoff Properties leased an office space located at 6 East 32nd Street in the NoMad neighborhood. The property spans approximately 16,000 square feet and was secured on a 10-year lease with an asking rent of $65 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Date: 01/23/2023
  • Address: 6 East 32nd Street
  • Market: NoMad
  • Landlord: Maureen Pescatore & Adam Weissleder - Himmel + Meringoff Properties
  • Tenant: Sunshine Sachs Morgan & Lylis
  • Brokers: Kirill Azovtsev, Allison Buck, Sam Mann & Jim Wenk - Savills
  • Asking Rent: $65/ft.
  • Lease Terms: 10-year lease

The deal involved Maureen Pescatore and Adam Weissleder of Himmel + Meringoff Properties as the landlords and Kirill Azovtsev, Allison Buck, Sam Mann, and Jim Wenk of Savills as the brokers. The tenant, Sunshine Sachs Morgan & Lylis, signed a 10-year lease for the 16,000 square foot office space at an asking rent of $65 per square foot.

Players

Kirill Azovtsev

Savills

Broker

$10.3M

vol

28 deals

Broker
Himmel + Meringoff Properties
Himmel + Meringoff 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93