Chesh Tang Spa Leases Office At 18 West 37th Street In Midtown South For $58/ft
18 West 37th Street
$56
$56/SF
Building Size
1,300 SF
Asset Type
Office
Closing
Jul 3, 2026
AI
This office lease transaction involves a location at 18 West 37th Street in Midtown South. The asking rent for this 1,300 square foot space is $58 per square foot, and the lease term is set for 5 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $58/ft
- Address: 18 West 37th Street
- Market: Midtown South
- Landlord: Baba Mansori - Effetto Fashion
- Tenant: Chesh Tang Spa
- Managers: Itai Khalili, Brian Ainehsazan & Elliot Setareh - Aineh Property Group
- Lease Term: 5 Years
- Lease Type: Modified Gross Lease
AINEH Property Group announced the successful lease transaction for the space at 18 West 37th Street, executed in less than two weeks after being introduced to the market. The management team, consisting of Itai Khalili, Brian Ainehsazan, and Elliot Setareh, worked on finalizing this deal. Congratulations were extended to both the landlord and tenant for this successful agreement.
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
283267.86%
Cash-on-Cash
-80958.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93