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29 West 38th Street

CVE North America Leases Office Space At 29 West 38th Street In Midtown For $35/ft
LEASEDOffice

CVE North America Leases Office Space At 29 West 38th Street In Midtown For $35/ft

29 West 38th Street

$35

$35/SF

Building Size

7,150 SF

Asset Type

Office

Closing

Mar 19, 2025

AI

The property asset involved in the transaction is located at 29 West 38th Street in Midtown. The leased space comprises 7,150 square feet and is being provided under a Modified Gross Lease. The asking rent for the asset is set at $35 per square foot.

Summary of transaction details:

This transaction includes key representatives from ABS Partners Real Estate, with Ben Waller representing the landlord and Zoe Snow alongside Daria Ghasemi representing the tenant. Their involvement highlights the collaboration within the brokerage firm facilitating this lease agreement.

Players

Ben Waller

ABS Partners Real Estate

Broker

13 deals

Broker
AP
ABS PartnersLandlord

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

453228.57%

Cash-on-Cash

-129534.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93