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
About this deal
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Raphael (Ralph) Zar to view all their deals.
Browse New York office leases on Traded.
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