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127 West 26th Street

Justin Management Leases 10,000 SF Office To Agora At 127 West 26th Street In Chelsea
LEASEDOffice

Justin Management Leases 10,000 SF Office To Agora At 127 West 26th Street In Chelsea

127 West 26th Street

$52

$52/SF

Building Size

10,000 SF

Asset Type

Office

Closing

Nov 13, 2025

AI

The property asset involved in this transaction is an office space located at 127 West 26th Street in the Chelsea market of Manhattan. The lease type is a Modified Gross Lease with an asking rent of $52 per square foot for a total of 10,000 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $520,000
  • Address: 127 West 26th Street
  • Market: Chelsea, Manhattan
  • Landlord: Justin Management
  • Tenant: Agora
  • Landlord's Representative: Adam Justin
  • Tenant's Representatives: Eric Siegel & Raphael Zar - LSL Advisors

Adam Justin represents the landlord, Justin Management, while Eric Siegel and Raphael Zar from LSL Advisors represent the tenant, Agora, in this lease transaction.

Players

Eric Siegel

LSL Advisors

Broker

$96M

vol

56 deals

Broker
LSL Advisors
LSL AdvisorsBrokerage
Adam Justin

Adam Justin

Justin Management

Landlord

$235.5M

vol

17 deals

Landlord

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

305057.69%

Cash-on-Cash

-87186.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93