Reasons Foundation Leases 2500 Square Feet At 115 W 27th St New York With Newmark Representation
115 W 27th St, New York, NY, 10001
Building Size
2,500 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this lease transaction is located at 115 W 27th St, New York, NY, 10001. The space encompasses 2,500 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 115 W 27th St, New York, NY, 10001
- Square Feet: 2,500
- Tenant: Reasons Foundation
- Landlord: 115 W 27th
- Tenant's Rep: Jordan Gosin (Newmark), Brett Brevidian (Newmark Knight Frank)
- Landlord's Rep: Jeffrey Sharon (CBRE)
This lease transaction features key individuals from notable firms. Jordan Gosin and Brett Brevidian represent the tenant, Reasons Foundation, while Jeffrey Sharon represents the landlord, 115 W 27th, highlighting the collaboration between these parties within the New York real estate market.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
Deal FAQ
Browse New York leases on Traded.
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