Mousse Partners Expands Within 9 West 57th Street With Acquisition Of Entire 43rd Floor
9 West 57th Street New York, New York 10019, USA
Building Size
33,000 SF
Asset Type
Office
Closing
Aug 8, 2023
About this deal
AI
The property involved in this lease transaction is located at 9 West 57th Street in Manhattan. It is an office space totaling 33,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: n/a
- Address: 9 West 57th Street
- Market: Manhattan
- Landlord: Soloviev Group - Stefan Soloviev
- Tenant: Mousse Partners
- Broker: Howard Fiddle - CBRE
Mousse Partners, linked to Chanel's family, has expanded its presence within the building. They have acquired the entire 43rd floor, doubling their space to 33,000 square feet from the original 46th floor. This is a significant move for Mousse Partners and demonstrates their growth and expansion plans.
On the Map
Office
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Players
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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