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

WeWork Leases 11818 Square Feet At 13 W 27th St New York Represented By Grant Greenspan And Elliot Warren
LEASEDOffice

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

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:

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.

Players

Grant Greenspan

Kaufman Organization

Broker

10 deals

Broker
Kaufman Organization
Kaufman OrganizationLandlord
WeWork
WeWorkTenant

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