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
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