TCW Trends Renews Office Lease At 8 West 38th Street In Midtown Manhattan For Four Years
8 West 38th Street
$42
$42/SF
Building Size
15,138 SF
Asset Type
Office
Closing
Dec 3, 2024
AI
8 West 38th Street is an office asset located in Midtown Manhattan, featuring a lease renewal for 15,138 square feet at an asking rent of $42 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $42/ft
- Address: 8 West 38th Street
- Market: Midtown Manhattan
- Landlord: Juda Srour & Jack Srour - Jay Properties
- Tenant: Charanjiv Mansingh - TCW Trends
- Brokers: David Scher & Todd Korren - Lee & Associates
- Lease Term: Four years
The deal involved key participants, including the landlords Juda Srour and Jack Srour of Jay Properties, and tenant Charanjiv Mansingh of TCW Trends. David Scher and Todd Korren from Lee & Associates represented the brokers in this lease transaction.
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
377690.48%
Cash-on-Cash
-107945.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93