Pypestream Leases 7250 Square Feet At 122 W 26th St With Tenant's Rep Lee & Associates
122 W 26th St, New York, NY, 10001
Building Size
7,250 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in this lease transaction is located at 122 W 26th St, New York, NY, 10001. It is situated in the New York market and encompasses a total area of 7,250 square feet.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 122 W 26th St, New York, NY, 10001
- Square Feet: 7,250
- Tenant: Pypestream
- Landlord: Dezer Properties
- Tenant's Representative: Justin Myers, Dennis Someck - Lee & Associates
- Landlord's Representative: Mark Tobman - Cresa
The individuals representing the tenant in this transaction are Justin Myers and Dennis Someck from Lee & Associates, while Mark Tobman from Cresa represents the landlord, Dezer Properties.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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