Equinox Leases Space At 31 West 27th Street In Midtown Manhattan
31 W 27th St, New York, NY 10001, USA
$85
$85/SF
Building Size
39,025 SF
Asset Type
Other
Closing
Mar 10, 2019
About this deal
AI
Equinox has signed a lease agreement for a property located at 31 West 27th Street in Midtown. The landlord of the property is Savanna. The property spans a total of 39,025 square feet and the asking rent for the space is $85 per square foot.
Summary of transation details
- Property Type: Lease
- Transaction Amount: Not Applicable
- Tenant: Equinox
- Landlord: Savanna
- Address: 31 West 27th Street
- Market: Midtown
- Asking Rent: $85
- Square Footage: 39,025
Notable individuals involved in this transaction include Harvey Spevak, Christopher Schlank, and Stephen Ross.
Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93