Christopher Okada Of Okada & Company Leases 30,000 SF Office At 115 West 18th Street For $65/ft
115 West 18th Street
$65
$65/SF
Building Size
30,000 SF
Asset Type
Office
Closing
Aug 15, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 115 West 18th Street in Chelsea, Manhattan. The asset comprises a total square footage of 30,000 and is leased under a Modified Gross Lease at an asking rent of $65 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $65/ft
- Square Footage: 30,000
- Address: 115 West 18th Street
- Market: Chelsea, Manhattan
- Lease Type: Modified Gross Lease
- Broker: Christopher Okada - Okada & Company
The key individuals involved in this deal include Christopher Okada, who represents the broker firm Okada & Company in the lease transaction.
On the Map
$65
$65/SF
Office
View full map
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Christopher (Chris) Okada to view all their deals.
Browse New York office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93