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
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