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6 West 48th Street

Harry Winston Relocates To Penthouse Office At 6 West 48th Street In Midtown Manhattan
LEASEDOffice

Harry Winston Relocates To Penthouse Office At 6 West 48th Street In Midtown Manhattan

6 West 48th Street

$60

$60/SF

Building Size

5,500 SF

Asset Type

Office

Closing

Jan 23, 2024

AI

Office property located at 6 West 48th Street in Midtown Manhattan was involved in a recent lease transaction. The asset features a total of 5,500 square feet with an asking rent of $60 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Landlord: Elo Organization - Carl Pettersson
  • Tenant: Harry Winston - Nayla Hayek
  • Broker: Christopher Okada - Okada & Company
  • Address: 6 West 48th Street
  • Market: Midtown Manhattan

Renowned jeweler Harry Winston, represented by Nayla Hayek, will be relocating certain operations to a penthouse office with a private roof deck at the aforementioned address. The deal was facilitated by the brokerage services of Christopher Okada from Okada & Company.

Players

Christopher Okada

Okada & Company

Broker

$352.8M

vol

87 deals

Broker
EO
Elo OrganizationLandlord

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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93