facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

9 East 37th Street

Itay Gamlieli Of Avenues Real Estate Leases Office Space In Midtown Manhattan
LEASEDOffice

Itay Gamlieli Of Avenues Real Estate Leases Office Space In Midtown Manhattan

9 East 37th Street

$40

$40/SF

Building Size

5,000 SF

Asset Type

Office

Closing

Oct 18, 2023

AI

The office space at 9 East 37th Street in Midtown South, Manhattan has been leased. The property, measuring 5,000 square feet, was leased on a Modified Gross Lease agreement. The asking rent for the space was $40 per square foot.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Lease agreement
  • Address: 9 East 37th Street, Midtown South, Manhattan
  • Lease Type: Modified Gross Lease

The landlord, ABS Partners Real Estate, represented by John Cinosky and William Carr, facilitated the lease. Itay Gamlieli, a representative from Avenues Real Estate, was the tenant. The tenant was represented by Daniel Lolai, Raphael Zar, and David Lolai from LSL Advisors.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
ABS Real Estate Partners
ABS Real Estate PartnersLandlord
Itay Gamlieli

Itay Gamlieli

Tenant

$24.8M

vol

10 deals

Tenant

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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93