Antoinette Intl & Certifix Lease Office Space At 224 West 35th Street In Penn Plaza, NYC
224 West 35th Street, New York, NY 10001, USA
Building Size
5,393 SF
Asset Type
Office
Closing
Aug 19, 2020
AI
An office space located at 224 West 35th Street in Penn Plaza has been leased. The transaction took place on 08/19/2021.
Summary of transaction details
- Property Type: Office
- Asking Rent: $38/ft.
- Square Footage: 5,393
- Market: Penn Plaza
- Tenant: Antoinette Intl & Certifix
- Landlord: Gatsby Realty
- Brokers: Chris Okada & Hiro Iwata
The leasing deal for the office space at 224 West 35th Street was facilitated by brokers Chris Okada and Hiro Iwata from OkadaCo. The tenant, Antoinette Intl & Certifix, will be leasing the space from the landlord, Gatsby Realty.
NOTE: According to OkadaCo, there are only 45 days left in the year for real estate deals, with holidays approaching and the time it takes to get deals under contract. They express their confidence in the New York market and encourage anyone interested to follow, DM, email, or call them.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93