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
About this deal
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
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