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115 W 27th St, New York, NY...

Reasons Foundation Leases 2500 Square Feet At 115 W 27th St New York With Newmark Representation
LEASED

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

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

Jordan Gosin

Newmark

Broker

10 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · 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