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10 West 18th Street

Updated Dec 4, 2024

Oden Technologies Renews Lease At 10 West 18th Street, Flatiron District
LEASEDOffice

Oden Technologies Renews Lease At 10 West 18th Street, Flatiron District

10 West 18th Street

Building Size

3,000 SF

Asset Type

Office

Closing

Jun 13, 2024

About this deal

AI

The property involved in the lease transaction is a 3,000-square-foot office space located at 10 West 18th Street in Manhattan's Flatiron District. The office space was leased by Oden Technologies, a software firm, with The Moinian Group serving as the landlord of the property. The landlord's representative, Gabriel Whitman from Moinian Group, facilitated the lease deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 10 West 18th Street
  • Market: Flatiron District
  • Tenant: Oden Technologies
  • Landlord: The Moinian Group
  • Tenant's Representative: Colliers
  • Landlord's Representative: Gabriel Whitman - Moinian Group

Oden Technologies, a software firm, renewed its lease for a 3,000-square-foot office space at 10 West 18th Street in Manhattan's Flatiron District. The lease transaction was facilitated by Colliers, representing the tenant, while Gabriel Whitman from The Moinian Group acted as the landlord's representative.

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Players

Gabriel Whitman

The Moinian Group

Broker

1 deal

Broker
The Moinian Group
The Moinian GroupBrokerage
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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

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