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TCW Trends Renews Office Lease At 8 West 38th Street In Midtown Manhattan For Four Years
LEASED
$42
New York
See Similar DealsOffice15,138 SF
Leased 12/03/2024
LEASED
TCW Trends Renews Office Lease At 8 West 38th Street In Midtown Manhattan For Four Years
8 West 38th Street
See Similar DealsOffice15,138 SF
Leased 12/03/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$42
Total Square Footage:15,138 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$728,868.86
Total Lease Value
$7,288,688.61
Net Landlord Cash Flow$728,868.86
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