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256 West 38th Street

LEASEDOffice

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

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:

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.

Players

Daniel Rodriguez Sains

Buchbinder and Warren Realty Group

Broker

6 deals

Broker
T
TreeswiftBuyer

Joe Hakimian

Hakimian Organization

Landlord

2 deals

Landlord

Brooklyn 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

406743.59%

Cash-on-Cash

-116248.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93