Brandon Ralph Leases 2,829 SF Condo To Edge Markets For $65,000 Monthly In West Chelsea
456 West 19th Street
$65,000
$65,000/SF
Building Size
2,829 SF
Asset Type
Condo
Closing
Sep 15, 2026
About this deal
AI
The property involved in this transaction is a condo located at 456 West 19th Street in the West Chelsea market, with a total square footage of 2,829. The monthly rent for the lease is set at $65,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $65,000 monthly rent
- Landlord: Brandon Ralph
- Tenant: Edge Markets
- Landlord's Representative: The Corcoran Group
- Tenant's Representatives: George Skaliarinis - KSR & Andrea Barberia - Luxury Property Group
This lease marks the second residential lease in New York City signed directly by a corporate entity within a span of six months, illustrating a unique leasing structure in a competitive market. Tenants are encouraged to connect with Andrea and George for insights on corporate residential leasing in New York City.
On the Map
$65,000
$65,000/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
244.05%
Cash-on-Cash
-69.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93