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
- Property Type: Office
- Transaction Amount: Lease
- Tenant: WhiteHoney NY
- Landlord: Sioni Group
- BROKERS: Daniel Lolai, Eric Siegel, and Joel Kubie - LSL Advisors; Michael Nazarian - Norman Bobrow
- Asking Rent: $49 per square foot
- Total Square Footage: 5,900
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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