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
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