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16 W 23rd St, New York, NY,...

BKPilates Leases 2500 SF At 16 W 23rd St New York With Tenant's Rep Michael Balanevsky
LEASED

BKPilates Leases 2500 SF At 16 W 23rd St New York With Tenant's Rep Michael Balanevsky

16 W 23rd St, New York, NY, 10010

$58

$58/SF

Building Size

2,500 SF

Asset Type

Closing

Nov 20, 2023

AI

The leased property is located at 16 W 23rd St, New York, NY, 10010. This asset is situated in the New York market and encompasses a rental rate of $58 per square foot. The total area of the property is 2,500 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 16 W 23rd St, New York, NY, 10010
  • Market: New York
  • Tenant: BKPilates
  • Landlord: Sunray
  • Tenant's Representative: Michael Balanevsky (Accent Holdings)

This transaction involves BKPilates as the tenant, with the landlord identified as Sunray. Michael Balanevsky from Accent Holdings represents the tenant in this lease agreement.

Players

Michael Heaner

Kaufman Organization

Broker

8 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

273500.00%

Cash-on-Cash

-78167.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93