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8 West 40th Street

Jack Victor Expands Office Lease At 8 West 40th Street In Manhattan To 11,000 Square Feet
LEASEDOffice

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:

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

Jared Freede

CBRE

Broker

14 deals

Broker
Jonathan Resnick

Jonathan Resnick

Jack Resnick & Sons

Landlord

$18M

vol

7 deals

Landlord
Alan Victor

Alan Victor

Jack Victor

Tenant

1 deal

Tenant

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