WeWork Leases 11818 Square Feet At 13 W 27th St New York Represented By Grant Greenspan And Elliot Warren
13 W 27th St, New York, NY, 10001
Building Size
11,818 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property asset involved is located at 13 W 27th St, New York, NY, 10001. This lease transaction encompasses a total area of 11,818 square feet in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 13 W 27th St, New York, NY, 10001
- Market: New York
- Square Feet: 11,818
- Tenant: WeWork
- Landlord: Kaufman Organization
- Tenant's Rep: Grant Greenspan - Kaufman Organization
- Landlord's Rep: Elliot Warren - Kaufman Organization
This transaction involved key individuals from Kaufman Organization representing both the landlord and the tenant, indicating a cohesive approach to the deal's execution. Grant Greenspan and Elliot Warren served as the tenant’s and landlord’s representatives, respectively, facilitating negotiations and agreement on the lease terms.
On the Map
Office
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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