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9 West 57th Street

Stefan Soloviev Of Soloviev Group Leases Office Space At 9 West 57th Street For $327.5/ft
LEASEDOffice

Stefan Soloviev Of Soloviev Group Leases Office Space At 9 West 57th Street For $327.5/ft

9 West 57th Street

$327

$327/SF

Building Size

5,063 SF

Asset Type

Office

Closing

Apr 1, 2026

AI

The property asset involved in the transaction is an office space located at 9 West 57th Street in Midtown Manhattan. The asking rent for this space is $327.50 per square foot, encompassing a total square footage of 5,063. The lease term established for this property is a duration of 10 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $327.5/ft
  • Lease Term: 10-year lease
  • Address: 9 West 57th Street
  • Market: Midtown Manhattan
  • Landlord: Stefan Soloviev - Soloviev Group

Stefan Soloviev, representing Soloviev Group, is the landlord in this lease agreement that highlights the rising demand for premium office spaces in New York, particularly as office rents reach new highs.

Players

Stefan Soloviev

Soloviev Group

Landlord

$169M

vol

5 deals

Landlord

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

48510.70%

Cash-on-Cash

-13864.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93