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
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