Kaplow Communications Leases 13k SF Office Space In New York City
9 W 44th St, New York, NY, 10036
Building Size
13,000 SF
Asset Type
Office
Closing
Jun 21, 2016
About this deal
AI
9 West 44th St in New York, NY, 10036 is an office building where Kaplow Communications leased 13,000 square feet of space. The asking rents in the building range from $55/SF to $65/SF.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Tenant: Kaplow Communications
- Tenant's Representative: Robert Goodman (Cresa)
- Landlord: Deka Immobilien
- Square Feet: 13,000
AFS Technologies also renewed its lease for 6,000 square feet at the same building for three years. Colliers International's Robert Goodman represented Kaplow Communications in the lease, while Lee & Associates' R. Craig Coppola represented AFS Technologies. The landlord was represented by JLL's Barbara Winter and William Korchak in both deals.
Players
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