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65 West 36th Street, Manhat...

WhiteHoney NY Leases Office Space At 65 West 36th Street In Midtown South
LEASEDOffice

WhiteHoney NY Leases Office Space At 65 West 36th Street In Midtown South

65 West 36th Street, Manhattan, New York, NY, USA

Building Size

5,900 SF

Asset Type

Office

Closing

Apr 21, 2021

AI

The recently closed lease transaction in Midtown South involved an office space located at 65 West 36th Street. The asset, spanning 5,900 square feet, was leased by WhiteHoney NY. The landlord of the property is Sioni Group. The transaction was facilitated by Daniel Lolai, Eric Siegel, and Joel Kubie from LSL Advisors, along with Michael Nazarian from Norman Bobrow. The lease was secured at an asking rent of $49 per square foot.

Summary of transation details

The team from LSL Advisors and Norman Bobrow played instrumental roles in facilitating the lease deal between WhiteHoney NY and Sioni Group for the office space at 65 West 36th Street. Their expertise and guidance ensured a successful agreement for both parties involved.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

91 deals

Broker
Sioni Group
Sioni GroupLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93