Ground Lease Signed For BK Pilates At 14 West 23rd Street In Flatiron, Manhattan

The office at 14 West 23rd Street in Flatiron, Manhattan has been leased. The ground lease transaction was facilitated by Pan Brothers Associates, the landlord, and BK Pilates, the tenant. The lease was represented by Steven Politis from the landlord's side and Ike Bibi and Carolina Aziz from KSR on behalf of the tenant. The office space spans 2,000 square feet and was leased at an asking rent of $90 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Ground Lease
• Address: 14 West 23rd Street
• Market: Flatiron, Manhattan
• Landlord: Pan Brothers Associates
• Tenant: BK Pilates
• Landlord's Representative: Steven Politis
• Tenant's Representative: Ike Bibi and Carolina Aziz - KSR
• Asking Rent: $90/ft
• Square Footage: 2,000

The completion of this lease agreement marks a significant milestone for both the landlord, Pan Brothers Associates, and the tenant, BK Pilates. Steven Politis, representing the landlord, worked alongside Ike Bibi and Carolina Aziz from KSR, who served as the tenant's representatives. The deal showcases the ongoing demand for office spaces in the Flatiron district and highlights the benefit of Ground Lease agreements for both parties involved.