Kaufman Organization Leases 12504 Square Feet At 119 W 24th St New York With Tenant's Reps
119 W 24th St, New York, NY, 10011
Building Size
12,504 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 119 W 24th St, New York, NY, 10011. This lease transaction encompasses a total square footage of 12,504 within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant's Representative: James Frederick & Jay Holland - Cushman & Wakefield
- Landlord: Kaufman Organization
- Square Feet: 12504
The deal features James Frederick and Jay Holland representing the tenant on behalf of Cushman & Wakefield, while Kaufman Organization acts as the landlord in this transaction.
Players
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