Deeptech Inc. Leases Office Space At 240 West 37th Street In Midtown West
240 West 37th Street, Manhattan, New York, NY, USA
$60,000,000
$8,219/SF
Building Size
7,300 SF
Asset Type
Office
Closing
Apr 27, 2021
AI
Deeptech Inc. has recently leased an office space located at 240 West 37th Street in Midtown West. The property, spanning 7,300 square feet, was leased from the landlord, Sioni Group. The lease transaction was facilitated by Joshua Berg of Newmark Knight Frank and Daniel Lolai, Eric Siegel, and Joel Kubie of LSL Advisors. The asking rent for the space was $49 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Deeptech Inc.
- Landlord: Sioni Group
- Brokers: Joshua Berg - Newmark Knight Frank, Daniel Lolai - LSL Advisors, Eric Siegel - LSL Advisors, Joel Kubie - LSL Advisors
- Address: 240 West 37th Street
- Market: Midtown West
- Asking Rent: $49 per square foot
- Square Footage: 7,300
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93