facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

114 West 26th Street

Red Door Community Signs 9300 Square Foot Lease At 114 West 26th Street In Chelsea
LEASEDOffice

Red Door Community Signs 9300 Square Foot Lease At 114 West 26th Street In Chelsea

114 West 26th Street

Building Size

9,300 SF

Asset Type

Office

Closing

Apr 25, 2025

AI

The asset involved in this transaction is an office space located at 114 West 26th Street in Chelsea, Manhattan. The lease encompasses a total area of 9,300 square feet, specifically occupying the entire fourth floor of the building.

Summary of transaction details:

This lease transaction was significant for Red Door Community, as it involves their relocation from a longstanding space on West Houston Street to the new premises. The representation involved two different agencies for the landlords and two for the tenant, highlighting the collaboration needed to finalize this lease agreement.

Players

Carri Lyon

Cushman & Wakefield

Broker

$89.4M

vol

22 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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