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13 W 27th St, New York, NY,...

PLANTA Queen Leases 5600 SF Office Space In New York With Lindsay Zegans
LEASEDOffice

PLANTA Queen Leases 5600 SF Office Space In New York With Lindsay Zegans

13 W 27th St, New York, NY, 10001

Building Size

5,600 SF

Asset Type

Office

Closing

Apr 23, 2021

AI

The office property located at 13 W 27th St, New York, NY, 10001, in the New York market, has been leased. The asset spans 5600 square feet and was leased by the tenant, PLANTA Queen, with representation from Lindsay Zegans of Ripco. The landlord, Kaufman Organization, was represented by Michael Yadgard of Compass.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: PLANTA Queen
  • Tenant's Rep: Lindsay Zegans (Ripco)
  • Landlord: Kaufman Organization
  • Landlord's Rep: Michael Yadgard (Compass)

The deal involved Lindsay Zegans from Ripco representing the tenant, PLANTA Queen, in securing the lease of the office space at 13 W 27th St. Richard Skulnick's role, if any, in this transaction was not specified in the provided information.

Players

Michael Yadgard

Compass

Broker

$31.8M

vol

13 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

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