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120 East 23rd Street

Ryan Simonetti Of Convene Hospitality Group Signs Lease For 26000 Square Foot Event Space In Manhattan
LEASEDOffice

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

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.

Players

WE
Williams EquitiesLandlord

Michael T. Cohen

Williams Equities

Landlord

$60M

vol

3 deals

Landlord
Ryan Simonetti

Ryan Simonetti

Tenant

1 deal

Tenant

New York Office Market Snapshot

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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