Treeswift Leases 7,487 Square Feet Office Space At 256 West 38th Street For $39 Per Square Foot
256 West 38th Street
$39
$39/SF
Building Size
7,487 SF
Asset Type
Office
Closing
Jul 29, 2026
About this deal
AI
The property involved in this transaction is an office space located at 256 West 38th Street in Midtown Manhattan. The asset encompasses 7,487 square feet and has an asking rent of $39 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $39/ft.
- Address: 256 West 38th Street
- Market: Midtown Manhattan
- Landlord: Joe Hakimian - Hakimian Organization
- Tenant: Treeswift
- Landlord's Representative: Todd Korren & Noah Caspi - Lee & Associates
- Tenant's Representative: Daniel Rodriguez Sains - Buchbinder Warren
- Lease Duration: Four years
- Date of Transaction: 07/29/2026
Treeswift, an AI infrastructure technology company based in Philadelphia, has signed the lease for the entire 11th floor as part of its expansion in New York City, with the move scheduled for August.
On the Map
$39
$39/SF
Office
View full map
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Todd Korren to view all their deals.
Browse Brooklyn office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
406743.59%
Cash-on-Cash
-116248.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93