Indecor Home Signs 10-Year Lease For 16,806 Square Feet At 247 West 37th Street
247 West 37th Street
Building Size
16,806 SF
Asset Type
Office
Closing
Oct 21, 2026
About this deal
AI
Located at 247 West 37th Street in Manhattan’s Garment District, the asset is an office space comprising 16,806 square feet. It is a part of a vibrant commercial market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Date: 10/21/2026
- Landlord: Jeffrey Gural - GFP Real Estate
- Tenant: Indecor Home
- Landlord's Representative: Matthew Mandell - GFP Real Estate
- Tenant's Representative: David Menaged - Intrepid Real Estate Group
- Lease Terms: 10 years
Indecor Home entered into a 10-year lease for the office space, showcasing a commitment to establish its presence within a significant commercial area represented by experienced brokers and real estate professionals.
On the Map
Office
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Players
New York Office Market Snapshot
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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