Ryan Simonetti Of Convene Hospitality Group Signs Lease For 26000 Square Foot Event Space In Manhattan
120 East 23rd Street
Building Size
26,000 SF
Asset Type
Office
Closing
Jan 21, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 120 East 23rd Street in Manhattan's Flatiron District, consisting of 26,000 square feet. The lease was signed for an event space designed to accommodate up to 1,200 people.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 120 East 23rd Street
- Market: Manhattan
- Landlord: Michael T. Cohen, Robert B. Getreu & Andrew Roos - Williams Equities
- Tenant: Ryan Simonetti - Convene Hospitality Group
The deal was facilitated by Michael T. Cohen, Robert B. Getreu, and Andrew Roos, representing Williams Equities. Ryan Simonetti represents Convene Hospitality Group in this transaction.
On the Map
Office
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Players
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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