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16 E 34th St

Corporate Suites Signs 13-Year Lease For 34,857 Square Feet At 16 East 34th Street
LEASEDOffice

Corporate Suites Signs 13-Year Lease For 34,857 Square Feet At 16 East 34th Street

16 E 34th St

Building Size

34,857 SF

Asset Type

Office

Closing

May 7, 2026

AI

The asset located at 16 East 34th Street in Manhattan is occupied by Corporate Suites under a lease agreement. The space encompasses 34,857 square feet, spanning the entire 18th and 19th floors of a 22-story office building owned by Wohio Holding.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Lease Terms: 13 Years
  • Landlord: Wohio Holding
  • Tenant: Corporate Suites
  • Landlord's Representative: Peter Duncan & Alexander N. Bermingham - George Comfort & Sons
  • Tenant's Representative: David Rosenbloom & Matthew Etlinger - Cushman & Wakefield

The lease agreement marks a significant commitment for Corporate Suites, represented by David Rosenbloom and Matthew Etlinger from Cushman & Wakefield. The deal was facilitated by Peter Duncan and Alexander N. Bermingham from George Comfort & Sons, representing Wohio Holding in this transaction.

Players

David Rosenbloom

Cushman & Wakefield

Broker

2 deals

Broker
CS
Corporate SuitesBuyer
WH
Wohio HoldingLandlord
CS
Corporate SuitesTenant

Sennett 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