Jack Victor Expands Office Lease At 8 West 40th Street In Manhattan To 11,000 Square Feet
8 West 40th Street
Building Size
11,000 SF
Asset Type
Office
Closing
Apr 27, 2026
AI
The transaction involves an office lease at 8 West 40th Street in Manhattan, comprising a total of 11,000 square feet. The property spans the full 17th floor and part of the 18th floor, reflecting an expansion by the tenant. The lease is structured over a term of 10 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 8 West 40th Street
- Market: Manhattan
- Landlord: Jonathan Resnick - Jack Resnick & Sons
- Tenant: Alan Victor - Jack Victor
- Landlord's Representative: Fran Delgorio & Brett Greenberg - Jack Resnick & Sons
- Tenant's Representative: Jared Freede - CBRE
- Lease Term: 10-year lease
Jack Victor expanded its office by 4,321 square feet, allowing for a total space of 11,000 square feet under the newly established lease. This growth emphasizes the tenant's commitment to the location and space utilization.
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