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111 West 26th Street

Architectural Flooring Resource Leases 9300 Square Feet Office At 111 West 26th Street
LEASEDOffice

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

Brett Maslin

Broker

7 deals

Broker

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