Architectural Flooring Resource Leases 9300 Square Feet Office At 111 West 26th Street
111 West 26th Street
$39
$39/SF
Building Size
9,300 SF
Asset Type
Office
Closing
May 29, 2025
AI
The asset involved in this transaction is an office space located at 111 West 26th Street within the Flatiron District. The tenant, Architectural Flooring Resource, has signed a lease for 9,300 square feet of this property at an asking rent of $39 per square foot.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $39/ft
- Address: 111 West 26th Street
- Market: Flatiron District
- Landlord: Adams & Company
- Tenant: Architectural Flooring Resource
- Lease Term: Seven years
- Current Space: Doubling
- Brokers: Brett Maslin, Jack Tobin, David Levy, and Jeffrey Buslik - Adams & Company
The lease agreement allows Architectural Flooring Resource to move into a more modern office environment, significantly increasing their operational space within the sought-after Flatiron District. The deal was brokered by a team from Adams & Company, emphasizing their role in facilitating this transaction.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
406743.59%
Cash-on-Cash
-116248.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93