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127 West 26th Street, New Y...

Halo Media Leases Office Space In Flatiron District's 127 West 26th Street
LEASEDOffice

Halo Media Leases Office Space In Flatiron District's 127 West 26th Street

127 West 26th Street, New York City, New York 10001, United States

Building Size

5,250 SF

Asset Type

Office

Closing

Jan 31, 2022

AI

An office space in the Flatiron District has been leased at 127 West 26th Street. The property, spanning 5,250 square feet, was leased by Halo Media. The landlord, Justin Management, was represented by Adam Justin. Halo Media was represented by William Janetschek and Luis Ramirez of the Nomad Group. The lease transaction was finalized on February 1, 2022.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 127 West 26th Street
  • Market: Flatiron District
  • Tenant: Halo Media
  • Tenant's Representative: William Janetschek & Luis Ramirez - Nomad Group
  • Landlord: Justin Management
  • Landlord's Representative: Adam Justin - Justin Management
  • Asking Rent: $55/ft.
  • Square Footage: 5,250 sq. ft.

Adam Justin of Justin Management represented the landlord in the lease deal, while William Janetschek and Luis Ramirez of the Nomad Group represented Halo Media. The lease transaction was successfully completed, securing the office space for Halo Media in the Flatiron District.

Players

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker
Adam Justin

Adam 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93